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July to September Current Affairs - 2020
Which bank has released USD 50 million in the first tranche of assistance to L&T Infrastructure Finance Ltd, to fund renewable Energy Projects in India?
A)
World Bank
B)
Asian Infrastructure Investment Bank
C)
Asian Development Bank
D)
New Development Bank

Correct Answer :   Asian Infrastructure Investment Bank


Asian Infrastructure Investment Bank(AIIB) has released USD 50 million in the first tranche of assistance to L&T Infrastructure Finance Ltd(LTIF), to fund renewable Energy Projects in the country. The released amount is part of a sanctioned USD 100 million External Commercial Borrowing(ECB) loan.

Published On : July 18, 2021
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