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Asian Development Bank (ADB) has given how many million dollar loans to Bangladesh for flood rehabilitation?
A)
USD 320 Million
B)
USD 280 Million
C)
USD 230 Million
D)
USD 190 Million

Correct Answer :   USD 230 Million


The Asian Development Bank (ADB) will provide a loan of USD 230 million to Bangladesh to help the rehabilitation and reconstruction efforts in the northeastern part of the country affected by devastating floods in May–June 2022.

* The agreement between ADB and the government of Bangladesh was signed in Dhaka on Monday (17th April 2023).

* Record rainfall in northeastern Bangladesh in May–June 2022 caused massive flooding, especially in the low-lying Haor region, affecting 7.2 million people.

* The assistance under the Flood Reconstruction Emergency Assistance Project will help in the reconstruction, improvement of resilience, and economic recovery of northeastern districts of Brahmanbaria, Habiganj, Kishoreganj, Moulvibazar, Mymensingh, Netrokona, Sherpur, Sunamganj, and Sylhet.

* The project will address the climate change impacts by developing innovative climate-resilient infrastructure under the build-back-better principles in line with the government’s national adaptation plan, said ADB Country Director Edimon Ginting.

* The project will also help improve living conditions, livelihoods, and climate resilience in the flood-affected northeast region of Bangladesh by reducing flood risk, and improving climate-resilient irrigation infrastructure and water delivery services. The loan will also help in rehabilitating rural roads, rail track,s and river embankments.

* In partnership with reputable national and international research institutes, the project will support climate-smart agriculture technologies and livelihood support to the flood-affected people. The improvement in agriculture value chains will enhance food security, nutrition, employment, poverty reduction, and rural livelihoods, said the ADB.

* The project will also support water management through alternative wetting and drying technology, direct seeded rice, and the use of solar irrigation for climate adaptation and mitigation...

Source : AIR

Published On : April 18, 2023
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