Multi-tranche financing facility (MFF)

What’s the News?

$125 million loan signed between India and Asian Development Bank (ADB)

Key Point
  • Has been signed to develop climate-resilient sewage collection and treatment and drainage and water supply systems in three cities of Tamil Nadu
  • It is part of $500 million multi-tranche financing facility (MFF) for the Program approved by ADB in 2018.
Multi-tranche financing facility (MFF)
  • The Multitranche Financing Facility (“Facility” or “MFF”) is intended to finance individual projects under the Regional Road Connectivity Program
  • It is a longer-term partnership between Asian Development Bank (ADB) and client country.
  • It provides funds for complex project which would need a longer commitment than a typical ADB investment loan could offer.
  • It can finance multiple projects under investment program in a sector or in various sectors.

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