India Seeks $6 Billion of Loans to Fight Pandemic

India said to be in talks with Asia Development Bank, AIIB
World Bank offers $1 billion to India to fight the pandemic

A police officer wearing a protective mask walks inside the empty Delhi Junction railway station on March 30.Photographer: T. Narayan/Bloomberg

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By Siddhartha Singh

April 3, 2020 at 11:52 AM UTC

This article is for subscribers only.

India is seeking as much as $6 billion of loans from multilateral institutions such as the Asian Development Bank to bolster its efforts to fight the coronavirus outbreak, people with knowledge of the matter said.

The World Bank has already committed $1 billion, while Prime Minister Narendra Modi’s government is in talks with Asian Infrastructure Investment Bank and ADB, the people said, asking not to be identified because the details haven’t been finalized.