- The agreement was signed to get finance to reduce carbon emissions, preserve water quality and have a green building ecosystem in India.
- The technical assistance will be granted by IIFL.
- Both entities will work to support the green building ecosystem with affordable housing in India.
- The cost of the work under the agreement is approx. $1 million (over Rs 7.4 crore).
- The funds will be granted by ADB under Urban Climate Change Resilience (UCCR) Trust Fund.
- The additional funds will be granted by IIFL HFL of upto $1,50,000.
- Both the entities will jointly work to integrate green lending and climate adaptation strategies to have an affordable housing sector in India.
- Static Part:
- HQ of IIFL HFL: Gurgaon, Haryana
Question:
Q.1 With which entity has IIFL HFL signed an agreement to develop a green building ecosystem in India?
a. Asian Development Bank
b. International Monetary Fund
c. World Bank
d. Organisation for Economic Co-operation and Development
a. Asian Development Bank
b. International Monetary Fund
c. World Bank
d. Organisation for Economic Co-operation and Development