Which institution approved a $789 million loan for the development of Amaravati?

A)
World Bank
B)
International Monetary Fund
C)
Asian Development Bank
D)
United Nations Development Programme

Correct Answer :   Asian Development Bank


* The Asian Development Bank (ADB) approved a loan of $789 million for the development of Amaravati, aiming to transform it into a smart, green capital city with world-class infrastructure.

* This loan is intended to boost job creation, private investment, and inclusive economic growth while positioning Amaravati as a model for sustainable urban development.

* The program highlights the collaborative efforts of ADB and other Multilateral Development Banks (MDBs) to bring global expertise to the city's development.

Published On : December 13, 2024