India - Boosting Job Creation in the Private Sector Development Policy Financing - Loan approval on absence-of-objection basis

Jul 19, 2026

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India’s private-sector job creation development policy financing received approval through an absence-of-objection process on Thursday, June 18, 2026. The Executive Directors approved a US$1,500 million loan to India under the terms and conditions set out in the President’s Memorandum (R2026-0127), dated May 28, 2026. The approval specifies authorization on the stated date and ties implementation to the referenced memorandum governing the financing framework.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Approval notice

Approval date and process

Loan amount and purpose

FAQs

What loan amount was approved for India?

US$1,500 million was approved for India.

When was the approval granted under the absence-of-objection basis?

The Executive Directors approved it on Thursday, June 18, 2026.

Under what document were the loan terms and conditions set?

The terms and conditions were set out in the President’s Memorandum (R2026-0127), dated May 28, 2026.

Jul 19, 2026

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