Current Affairs - Miscellaneous - Discussion

Discussion Forum : Miscellaneous - Latest Current Affairs (Q.No. 2686)

2021-10-30 Miscellaneous

2686.

Which two international financial institutions will co-finance USD 2 billion loan for India's fight against COVID-19?

EIB, IDB

WB, IMF

AIIB, ADB

EDB, EBRD

Answer: Option

Explanation:

Beijing-based multilateral development bank Asian Infrastructure Investment Bank (AIIB) and the Asian Development (ADB) will co-finance a USD 2 billion loan for India to procure COVID-19 vaccines under ADB's Asia Pacific Vaccine Access Facility (APVAX).