Current Context: The Asian Development Bank has approved loan to have operational efficiencies and resource planning and management in West Bengal.
- 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 Bankb. Asian Development Bank
c. World Bank
d. AIIB
