Current Context: An agreement between the Government of India and the Asian Infrastructure Investment Bank (AIIB) has been signed for the approval of a loan of $500 million for the "COVID-19 Emergency Response and Health Systems Preparedness Project".
- The loan amount will help India to combat the COVID-19 pandemic situation and strengthen its public health.
- The loan amount will be helpful to all States and Union Territories (UT) of India and will address the needs of infected people,at-risk populations, medical and emergency personnel and service providers, medical and testing facilities, and national and animal health agencies.
- The loan will help in scaling up procurement of PPE, oxygen delivery systems, and medicines, which is required in large quantities in this pandemic situation.
- The project will support research on COVID-19 by Indian and other global institutions working in collaboration with the Indian Council of Medical Research.
Static Part:
- HQ of AIIB: Beijing, China
- President of AIIB: JinLiquin
Question:
Q.1 Which organization recently approved the loan of $500 million loans to India to combat COVID-19under "COVID-19 Emergency Response and Health Systems Preparedness Project"?
a. European Central Bank
b. Asian Infrastructure Investment Bank
c. International Monetary Fund
d. World Health Organization
a. European Central Bank
b. Asian Infrastructure Investment Bank
c. International Monetary Fund
d. World Health Organization
