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Government of India Partners with ADB

Published on December 09, 2022
Current Context: The Government of India inked a USD 3 million Project Readiness Financing (PRF) agreement with the Asian Development Bank (ADB).
Government of India Partners with ADB
  • 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:
  1. Strengthen future investment-ready projects
  2. 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
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