Current Affairs - Finance - Discussion
Discussion Forum : Finance - Latest Current Affairs (Q.No. 55)
55.
Which international financial institution, along with the Asian Development Bank, approved a ₹13,500 crore loan for the development of Amaravati, the capital of Andhra Pradesh?
Answer: Option
Explanation:
The World Bank's approval of a ₹13,500 crore loan for Amaravati's development signifies a significant investment in India's urban infrastructure. The "Amaravati Inclusive and Sustainable Capital City Development Program" aims to create a modern, sustainable, and inclusive city. This collaboration between the World Bank, Asian Development Bank, Union Finance Ministry, and Andhra Pradesh Capital Region Development Authority underscores the importance of international partnerships in driving economic growth and urban development in India. The loan will support critical infrastructure development, enhancing the quality of life for Amaravati's residents.
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