India and ADB Sign $200 Million Loan for Urban Services in Uttarakhand

Current Context: On November 6, 2024, the Government of India and the Asian Development Bank (ADB) signed a $200 million loan agreement to improve urban infrastructure in Uttarakhand.

• This project, known as the Uttarakhand Livability Improvement Project, focuses on upgrading water supply, sanitation, urban mobility, and other essential urban services.
• The initiative aims to enhance the quality of life for residents and increase resilience against climate and environmental risks.
• This includes modernizing infrastructure to ensure better service delivery and sustainability in urban areas of Uttarakhand.

Question:

1 On November 6, 2024, the Government of India signed a loan agreement with which organization to improve urban infrastructure in Uttarakhand under the Uttarakhand Livability Improvement Project?

• A) World Bank
• B) Asian Development Bank (ADB)
• C) International Monetary Fund (IMF)
• D) United Nations Development Programme (UNDP)

Answer: B) The Government of India signed a $200 million loan agreement with the Asian Development Bank (ADB) to enhance urban infrastructure in Uttarakhand through the Uttarakhand Livability Improvement Project.