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Which organization is to lend India $190 million loan for improving road connectivity in Rajasthan?
A)
Asian Development Bank
B)
World Bank
C)
International Monetary Fund
D)
International Bank for Reconstruction and Development

Correct Answer : Option (A) - Asian Development Bank


The Asian Development Bank and the Government of India signed a $190 million loan to upgrade 754 kilometres of state highways and major district roads (MDRs) to two-lane or intermediate-lane standards that will benefit about 26 million people in 14 districts of Rajasthan. The signatories to the Tranche 2 loan agreement for the Rajasthan State Highway Investment Programme were Shri Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs in the Ministry of Finance, on behalf of the Government of India, and Mr Kenichi Yokoyama, Country Director of ADB’s India Resident Mission, who signed for ADB. The Tranche 1 loan of $220 million under the Programme, signed in July 2017, upgraded about 1,000 km of state roads.

Published On : July 15, 2021
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