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ADB and India signs loan agreement for West Bengal

Published on December 04, 2020
Current Context: The Asian Development Bank (ADB) and the GOI has signed a loan agreement to improve financial management procedures and operational efficiencies in West Bengal.
ADB and India signs loan agreement for West Bengal
  • They have signed a loan agreement of $50 million.
  • The loan amount will be utilized under the project titled 'West Bengal Public Finance Management Investment Programme'. 
  • This loan amount will help to achieve more fiscal savings, promote informed decision making, and improve service delivery in West Bengal.
  • Static Part: 
    • HQ of ADB: Mandaluyong, Philippines.
    • President of ADB: Masatsugu Asakawa
    • National Parks and Wild Life Sanctuaries in West Bengal: Gorumara NP, Buxa NP, Jaldapara NP, Sundarbans NP, ChintamoniKar Bird Sanctuary, Jore Pokhri WLS, Raiganj WLS, Mahananda WLS, Senchal WLS

Question: 

Q.1 Asian Development Bank (ADB) and the GOI has signed a loan agreement to improve financial management procedures and operational efficiencies in which the state of India?
a. West Bengal
b. Tamil Nadu
c. Haryana
d. Maharashtra
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