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Frequently Asked Questions
ADBADB and IndiaReview a complete list of frequently asked questions about ADB. ADBHow do I get copies of ADB publications?Many ADB publications are free online. View our catalog. You can also:
Does ADB provide funds for academic programs or short-term courses?ADB provides opportunities for talented individuals from its developing member countries to pursue postgraduate studies through the ADB-Japan Scholarship Program. The scholarships, for periods of one to three years, cover studies in economics, management, science and technology, and other development-related fields. It covers full tuition fees, allowances, medical insurance, and travel expenses. ADB does not sponsor individuals for short-term courses nor higher studies outside this program. How do I find employment at ADB?ADB generally recruits professional staff internationally and its local staff from interested applicants residing in the duty station country, e.g. India. Our vacancies are published in leading national newspapers. Visit our employment opportunities section. What is ADB's Young Professionals Program?The Young Professionals (YP) Program enables the recruitment of well-qualified younger personnel - 30 years old or below - into ADB. The program lays the foundation for a challenging and rewarding professional career in an international working environment. It provides
YPs acquire a range of professional skills and an understanding of ADB's operations, policies, and procedures. Does ADB have an Internship Program?ADB conducts an Internship Program every year. It normally commences in July and extends for approximately two months. An applicant should be
Interested students should submit applications to their schools, which in turn will select the top three applications for ADB shortlisting. How do I learn about consulting opportunities and opportunities to bid for work on ADB-financed projects?These are listed in the ADB Business Opportunities. Please review the sections on Procurement and Consulting opportunities with ADB. ADB and IndiaHow do Public Sector Enterprises obtain loans from ADB?ADB’s lending program in India is determined in consultation with the Department of Economic Affairs, Ministry of Finance, Government of India. For details visit http://www.finmin.nic.in Does ADB assist the private sector?Yes. ADB assists the private sector through the Private Sector Operations Department (PSOD), ADB's private sector investment window. PSOD has adopted India as one of the focal countries for its direct investments in the private sector. Over the medium term PSOD will explore opportunities for investment in infrastructure and the financial sector. PSOD catalyzes private investments through direct finance, credit enhancement and risk mitigation. The contact person at ADB's India Resident Mission in New Delhi is Ajay Sagar, who may be contacted at asagar@adb.org Does ADB provide loans to state Governments?ADB provides loans in US dollars to India. In the case of state level loans, the Government of India (GOI) passes this on to states as "Additional Central Assistance" on the same terms as received by ADB. The state governments bear the exchange risk and interest rate risk on such loans. The Government of India acts as the borrower on record and ensures timely loan servicing. For special category states, the Government of India continues to absorb the exchange risk and interest rate risk. In such cases, ADB loans are passed on as pure rupee loans, partly as loan and partly as grant. What are ADB's interest rates and other charges for loans?ADB loans to India are provided out of its Ordinary Capital Resources, and carry an interest rate of the prevailing six-month US dollar LIBOR (London Inter Bank Offer Rate) plus 60 basis points (0.60%) per annum. ADB also passes on as a rebate the benefit of any sub-LIBOR borrowings. The prevailing rebate for USD loans for the semester 1 January to 30 June 2007 is 30 basis points. The interest rates are reset every six months with reference to six-month US dollar LIBOR. In addition, ADB charges a Front-end fee of 1% on the full loan amount, and a commitment charge of 0.35% per annum on undisbursed loan balances. Up to 30 June 2007, a waiver of 20 basis points on the spread over LIBOR and the whole of the front-end fee is in force. The six-month US dollar LIBOR is subject to fluctuation. Currently the effective interest rate cost of ADB loans to GOI works out to about 5.6% taking into consideration the waivers, rebate and the spread-equivalent of the commitment charges. See the Loan Disbursement Handbook. How does ADB decide which states and sectors to work in?The focus of ADB's program in India is determined by the Country Partnership Strategy (CPS). The CPS is developed in close collaboration with the Government of India, civil society, the donor community, the private sector, and other stakeholders. In how many states does ADB operate? Which states will ADB assist in future?Till 2002, ADB operations were mainly in Gujarat, Karnataka, Kerala, Madhya Pradesh, Rajasthan, and West Bengal. Since 2003, ADB has increasingly focused on the relatively poorer and weak capacity states to support the Government’s efforts to reduce interstate disparities. The 2007–2009 program includes assistance for such states including Assam, Chhattisgarh, Jammu and Kashmir, Jharkhand, Madhya Pradesh, Rajasthan, Uttarakhand, and those in the North Eastern region. To which sectors is ADB lending in India?The core focus of ADB’s strategy is to facilitate poverty reduction through infrastructure-led growth. Since 2004–2005 ADB has initiated operations in agriculture, rural infrastructure development, rural finance, and sustainable water use, in line with the Government’s focus on inclusive growth and development of the rural economy. Who should NGOs contact for possible ADB support?As a rule, ADB works through the governments of its developing member countries in supporting NGOs. At the ADB headquarters in Manila the NGO Center seeks to find new ways of working with NGOs. In India, the NGO contact person at ADB's India Resident Mission in New Delhi is Sujatha Viswanathan who may be contacted at: sviswanathan@adb.org. Need more information about ADB?Visit us at ADB Headquarters Tel: + 632 632 4444 India Resident Mission Tel: + 91 11 2410 7200 |
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