AIIB approves Loan for Implementing SUSP for the Chennai Metropolitan Area

Current Context: The Asian Infrastructure Investment Bank (AIIB) has approved a loan for India to implement the Sustainable Urban Services Program (SUSP) for the Chennai metropolitan area (CMA).

• A loan of USD 150 million was granted for the same.
• The CMA region includes core urban facilities like water management, water supply, sewage management, urban mobility, solid waste management, public health.
• Uptil now, AIIB has approved 29 projects for India worth USD 6.8 billion and hence India has become its largest beneficiary.
• Static Part: 
• HQ of AIIB: Beijing, China
• President of AIIB: Jin Liqun

Question: 

Q.1 Which organization approved a loan for India to implement the Sustainable Urban Services Program (SUSP) for the Chennai metropolitan area (CMA)?
a. European Central Bank
b. World Bank
c. Asian Infrastructure Investment Bank
d. Asian Development Bank