GOI Repays IL&FS Loans

Current Context: The Government of India repaid the Infrastructure Leasing & Financial Services (IL&FS) loans to the Asian Development Bank (ADB) and KfW.

• The Central Government repaid the sum of:

1. INR 1,109 Cr to the ADB
2. INR 29 Cr to KfW

• The loan was repaid to the:

1. ADB was availed by IL&FS from it in 2002
2. KfW was availed by IL&FS from it in 2005

• The GOI-guaranteed loans were utilized to fund the initiatives undertaken by the IL&FS companies.
• The GOI provided loan guarantees becoming a lender and entered into the list of IL&FS creditors.
• The KfW is a German state-owned investment and development bank that was established in 1948 with its headquarters in Frankfurt, Germany. The current CEO of the company is Günther Bräunig.

Question:

Q.1 The Government of India recently repaid the Infrastructure Leasing & Financial Services (IL&FS) loans to?
a. World Bank
b. IMF
c. NDB
d. ADB