CURRENT AFFAIRS

Detailed explanation-1: -The Government of India and Asian Development Bank (ADB) today signed a $125 million loan to develop climate-resilient sewage collection and treatment, and drainage and water supply systems in three cities in the state of Tamil Nadu.

Detailed explanation-2: -Q. The Asian Development Bank (ADB) has approved a $251 million loan for urban flood protection and management in which state? Notes: The Asian Development Bank (ADB) has approved a $251 million loan for urban flood protection and management in the Chennai–Kosasthalaiyar river basin in the state of Tamil Nadu.

Detailed explanation-3: -ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members-49 from the region.

Detailed explanation-4: -As of 31 December 2021, ADB’s five largest shareholders are Japan and the United States (each with 15.6% of total shares), the People’s Republic of China (6.4%), India (6.3%), and Australia (5.8%).