ADB to offer $15 million to Suguna Foods Private Ltd

Current Context: Asian Development Bank has entered with an agreement for debt financing for Suguna Foods Private Ltd.

 

• The agreement of $15 miilion is signed between ADB and Suguna Foods Pvt LTD. 
• The financial support will help to sustain poultry farming operations, efficiency in rural livelihoods and enhancing food security.
• ADB's liquidity support to Suguna will lead to build inventory buffers and make timely payments to their contract farmers and suppliers.
• Static Part: 
• HQ of ADB: Mandaluyong, Philippines.
• President of ADB: Masatsugu Asakawa

Question: 

Q.1 Which organisation has offered liquidity support for Suguna Foods Pvt LTD to sustain poultry farming operations?
a. New Development Bank
b. NABARD
c. Ancient Development Bank
d. World bank