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Recent Current Affairs related to Municipal Bonds

1 News
7 August 2026 ECONOMY

The Asian Development Bank (ADB) has approved a $1 billion loan to the Government of India (GoI) to support the urban reform agenda of India. This programme is designed to support the implementation of the Urban Challenge Fund (UCF).

Additionally, the ADB has sanctioned $3 million in technical assistance to the Ministry of Housing and Urban Affairs (MoHUA) for the effective implementation of the programme.

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