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Banking - General Knowledge Questions
How many billions will the Asian Development Bank (ADB) provides for food security in Asia-Pacific in 2022–2025?
A)
$14 billion
B)
$17 billion
C)
$21 billion
D)
$25 billion

Correct Answer : Option (A) - $14 billion

The Asian Development Bank (ADB) has announced plans to provide at least $14 billion to Asia-Pacific for 2022–2025.

Reason : To ease a worsening food crisis and improve long-term food security by strengthening food systems due to climate change.

Use of fund : The funding will be channeled through existing and new projects in sectors including farm inputs, food production and distribution, social protection, irrigation, and water resources management..

Source : ADB

Published On : September 28, 2022
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