2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which financial body has approved USD 150 million loan for the Sustainable Urban services program for Chennai Metropolitan Area (CMA)?
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International Monetary Fund
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World Bank
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Asian Development Bank
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Asian Infrastructure Investment Bank
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Explanation:
Detailed explanation-1: -It will cover the core urban services, including water resource management, water supply and sewerage, urban mobility, solid waste management, and public health. The total project cost is 701 million USD out of which AIIB and World Bank each will provide 150 million USD each. Rest of the cost will be borne by the Govt.
Detailed explanation-2: -Chennai City Partnership: Sustainable Urban Services Program is a $150 million programme that will help in strengthening institutions. It will also help in improving the financial health of service agencies and bring in significant improvements in quality of four key urban services: Water supply and sewerage.
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