- The agreement was signed by the Additional Secretary, Department of Economic Affairs, Rajat Kumar Mishra, and the Country Director of ADB’s India Resident Mission, Takeo Konishi.
- The PRF agreement was signed to support preparatory operations for designing the “Agartala Municipal Infrastructure Development Project” to strengthen municipal infrastructure in Agartala, Tripura.
- The partnership will aim to:
- Strengthen future investment-ready projects
- Improvise resource mobilization
- Measures for climate change mitigation and adaptation will be incorporated during the implementation of the PRF agreement.
- ADB was established in 1966 with its headquarters in Manila (Mandaluyong), Philippines. It has 68 member states. The current President of the organization is Masatsugu Asakawa.
Question:
Q.1 The Government of India recently inked a USD 3 million Project Readiness Financing (PRF) agreement with which of the following?a. ADB
b. NDB
c. IMF
d. World Bank
