ADB and India sign $50 million loan agreement to boost digital platforms for public finance reforms in West Bengal

The Asian Development Bank (ADB) and the Government of India have inked $50 million policy-based loan agreement on 2nd December 2020 to improve financial management procedures and operational efficiencies in West Bengal.
Titled as the ‘West Bengal Public Finance Management Investment Programme’, the project will help to achieve more fiscal savings, promote informed decision making, and improve service delivery in the state.
A centre for fiscal policy and public finance will be established to deepen capacity of the state government officials on public finance management while developing a web-based grievance redress system for transport corporations and urban local bodies will provide a credible citizen-government interface.