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ADB approved loan for Operational Efficiencies & Resource Planning in WB

Published on November 23, 2020

Current Context: The Asian Development Bank has approved loan to have operational efficiencies and resource planning and management in West Bengal.

ADB approved loan for Operational Efficiencies & Resource Planning in WB
  • The loan amount approved is USD 50 million.
  • This amount will be used to integrate financial and information system along with the expansion of automation reforms in state government’s operation.
  • This will thus help to strengthen the delivery of public services and will create fiscal saving.
  • Also, this loan amount will be supplemented by USD 350,000 technical assistance grant. This will help for capacity building and monitor IFMS (Integrated Financial Management System) reforms.
  • Static Part: 
    • HQ of ADB: Mandalyong, Philippines
    • President of ADB: Masatsugu Asakawa 
    • Folk Dance of West Bengal: Ganbhira Dance, Kathi Dance and Domni 

Question: 

Q.1 Who among the following approved loan to have operational efficiencies and resource planning and management in West Bengal? 

a. New Development Bank
b. Asian Development Bank
c. World Bank
d. AIIB
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