Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1114)

2020-11-06 Banking

1114.

Which bank approved USD 132.8 mn loan to improve power distribution in Meghalaya?

RBI

IMF

World Bank

ADB

Answer: Option

Explanation:

The Asian Development Bank (ADB) has approved USD 132.8 million loan to Meghalaya, to improve and upgrade the power distribution network in the state. The fund will help in improving the distribution system & financial sustainability of the Meghalaya Power Distribution Corporation Limited (MePDCL).