Current Affairs

GK MCQs Section

Topic: ADB

ADB’s Recent Loans to 4 States

The Asian Development Bank (ADB) recently signed a loan agreement with the Indian government to provide $1.22 billion in funding for projects aimed at improving connectivity and infrastructure...

January 4, 2023

IDMC-ADB report: southwest monsoon lasting longer, displacing millions in South Asia

The recently released joint report of the Internal Displacement Monitoring Centre (IDMC) and the Asian Development Bank (ADB) raised concerns regarding long southwest monsoon causing large-scale displacement of...

September 20, 2022

Urjit Patel – New Vice President of AIIB

Urjit Patel served as the 24th Governor of RBI (Reserve Bank of India). He was recently appointed as the Vice President of Asian Infrastructure Investment Bank. Urjit Patel...

January 10, 2022

ADB provided $1.5-billion to India for Covid response

The Asian Development Bank has provided fiscal support of 1.5 billion USD to India to fight against COVID-19 crisis. This is according to the Annual Report, 2020 of...

April 27, 2021

Rs 22 Crore granted by ADB to India for COVID 19

The multilateral funding agency, Asian Development Bank, has approved $3 million (About Rs 22 Cr) grant to India from its Asia-Pacific Disaster Response Fund to strengthen the emergency...

July 30, 2020

750 million USD loan approved by AIIB to India

On June 17, 2020, the Asian Infrastructure Investment Bank (AIIB) approved 750 million USD loan to India. The fund granted is to be used by the GoI to...

June 17, 2020

India and ADB sign 177 million USD to upgrade Maharashtra State Highways

On May 28, 2020, the Government of India and the Asian Development Bank signed an agreement to construct state highways in Maharashtra. Highlights The funds received from the...

May 28, 2020

World Bank approves 1 billion USD to India

On May 15, 2020, the World Bank approved 1 billion USD aid to India to accelerate “India’s COVID-19 Special Protection Response Programme”. The fund will be used to...

May 16, 2020

ADB approves 1.5 billion USD for India to fight COVID-19

On April 28, 2020, the Asian Development Bank approved 1.5 billion USD loan to support the Indian Government in its actions against the spread of COVID-19 crisis. The...

April 28, 2020

AIIB to finance 500 million USD projects to strengthen National Health Care Systems

The Asian Infrastructure Investment Bank is to finance 500 million USD projects in India to help the country improve its health care systems. AIIB is currently doubling its...

April 17, 2020

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