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Current Affairs

Agreement—ADB and GOI to Combat COVID-19

Current Context: The Government of India and the Asian Development Bank (ADB) signed a $1.5 billion loan that will support the government's response to the novel coronavirus disease pandemic.
Agreement—ADB and GOI to Combat COVID-19

  • The loan amount will be utilized by India to fulfill its immediate priorities like disease contentment and prevention, social protection for poor, and economically weak sections of the society.
  • The loan amount has been sanctioned under ADBs COVID-19 Active Response and Expenditure Support Program (CARES).

Static Part: 

  • HQ of ADB: Manila
  • President of ADB: Masatsugu Asakawa

Question:

Q.1 The Asian Development Bank (ADB) signed a ______ loan to GOI to combat COVID-19 pandemic under its CARES Programme? 
a. $1.3 billion
b. $1.6 billion
c. $1.4 billion
d. $1.5 billion
Agreement—ADB and GOI to Combat COVID-19 Agreement—ADB and GOI to Combat COVID-19 Reviewed by Neha Verma on April 29, 2020 Rating: 5

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