Current Affairs - Finance - Discussion

Discussion Forum : Finance - Latest Current Affairs (Q.No. 9)
9.
Which organization signed two crucial loans with the Government of India to support infrastructure and sustainable growth?
World Bank
International Monetary Fund
Asian Development Bank
New Development Bank
Answer: Option
Explanation:
The Asian Development Bank (ADB) signed two key loans with the Government of India, totalling USD 850 million. The first loan of USD 500 million will support green and sustainable infrastructure through the India Infrastructure Finance Company Limited (IIFCL), addressing areas like urban projects, education, and healthcare. The second loan of USD 350 million under the SMILE program focuses on enhancing India's manufacturing sector and logistics efficiency, promoting economic growth, and fostering gender inclusion. These initiatives align with India's climate commitments and economic development goals.
Discussion:
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