CURRENT AFFAIRS

Detailed explanation-1: -ADB’s initial $20 billion COVID-19 response package supports its developing member countries in countering the severe macroeconomic and health impacts caused by COVID-19, including $2.5 billion in concessional and grant resources, as well as $2 billion earmarked for the private sector (non-sovereign).

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: -The Asian Development Bank(ADB) and the Government of India signed a $3 million project readiness financing (PRF) facility to support preparatory activities for designing a project to improve municipal infrastructure in priority areas of Agartala city.