Which International Bank has approved a $250 million loan for the Indian government's road safety programme in June 2022?

Islamic Development Bank
European Investment Bank
New Development Bank
World Bank
Asian Development Bank

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 4 : World Bank

The correct answer is World Bank.

The World Bank on 27 June 2022 approved a $250 million loan for the Indian government's road safety programme that addresses the high road accident fatality rate in the country.
This road safety programme will be implemented in seven States.
The loan from World Bank has a maturity of 18 years including a grace period of 5.5 years.

The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects.
The World Bank:
- Headquarters: Washington, United States
- President: David Malpass
- Founded: July 1944, New Hampshire, United States
- Motto: Working for a World Free of Poverty
- Founders: John Maynard Keynes, Harry Dexter White

4 views Answered 2022-09-04 04:29

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