ADB - infrastructure development is a key role for India
13 Mar '06
2 min read
The Annual Meeting is expected to attract 2,000-3,000 government leaders, representatives of civil society groups and the private sector, and journalists from around the world.
At Hyderabad's Administrative Staff College of India, Mr Kuroda stressed that poor infrastructure, including power shortages, bad roads, inadequate water and sanitation, and unreliable communications, is costing the country dearly.
Mr Kuroda said that the Government is working to address these challenges, for example through the $39 billion Bharat Nirman program, which will connect villages and provide housing, clean drinking water, electricity, and telephone services across rural India.
Mr Kuroda concludes his three-day visit tomorrow with a visit to ADB project sites in Jaipur, Rajasthan.
He will also meet with Rajasthan Chief Minister, Ms Vasundhra Raje and senior government officials.
ADB lends to governments and private enterprises in its developing member countries (DMCs).
ADB's principal tools are loans and technical assistance, which are provided to governments for high-priority projects and programs.
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