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India and ADB has signed $200 million loan agreement

December 14, 2023
Current Context: The Government of India and the Asian Development Bank (ADB) formalized the agreement for a USD 200 million loan on Wednesday, December 14, 2023.
India and ADB has signed $200 million loan agreement
  • This loan is intended to improve the quality, efficiency, and reliability of power supply in the state of Uttarakhand.
  • The focus of this project is on energy conservation and livelihood enhancement.
  • The loan agreement between the Government of India and the Asian Development Bank (ADB) is part of the Official Development Assistance (ODA).
  • ODA is defined as government aid that promotes and specifically targets the economic development and welfare of developing countries.

Question:

Q.1 What is the amount of the loan agreement signed between India and the Asian Development Bank (ADB)?
a. $100 million
b. $200 million
c. $300 million
d. $400 million
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