CURRENT AFFAIRS

2020

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The Government of India (GoI) and which of the following banks signed a $750 million of $1 billion proposed for Accelerating India’s COVID-19 Social Protection Response Programme?

A	Asian Infrastructure Investment Bank (AIIB)
B	New Development Bank (NDB)
C	World Bank
D	IMF

Explanation:

Detailed explanation-1: -World Bank Approves $750 Million to Support Critical Governance Reforms, Transport Infrastructure, and Digital Connectivity in the Democratic Republic of Congo.

Detailed explanation-2: -WASHINGTON, DC, September, 21, 2022 - The World Bank’s Executive Board of Directors today approved a $350 million loan to the western Indian state of Gujarat to improve the quality and access of its public healthcare services, with special focus on adolescent girls and disease surveillance.

Detailed explanation-3: -World Bank Approves $750 Million Loan to India to Catalyze Private Financing and Support Economic Growth.

Detailed explanation-4: -The $500 million loan from the International Bank for Reconstruction and Development (IBRD), has a maturity of 18.5 years including a 5.5-year grace period. The MSME sector is dominated by small firms that do not grow with age. Over 90% of firms have less than 5 workers.

There is 1 question to complete.