India Refuses ADB Loan Over Territory Clause

India has declined a $60 million loan from the Asian Development Bank, which was earmarked for infrastructure investments in its Arunachal Pradesh state,

reports. The move follows China's successful lobbying for the inclusion of a clause in the loan, which stipulates that the approval of the funding does not in any way imply ADB's recognition of Arunachal Pradesh as an Indian sovereign territory.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.