Asian Development Bank - Current Affairs Questions and Answers

1)   ADB announced a 5 year USD 16 billion partnership including investment fund to support infrastructure development with which country in the region?

a. China
b. Japan
c. Malaysia
d. Singapore
Answer  Explanation 

ANSWER: Japan

Explanation:
Asian Development Bank and Japan have announced a 5 year, USD 16 billion partnership which is inclusive of investment fund for supporting sustainable infrastructure development in the region. The first step will be establishment of a trust fund by March 2016 with capitalisation of USD 1.5 billion from JICA/Japan International Cooperation Agency. In a combination with the own capital of ADB and commercial co-financers, funds should provide funding of USD 6 billion. Close to USD 10 billion has been set aside for promoting public infrastructure provided by ADB and JICA in co-financing sovereign borrowers over a period of 5 years.
2)   With which bank, the Government of India on 28th July’15 signed a $300 million loan to support the government’s flagship program, the National Urban Health Mission (NUHM) that is aimed at improving the health status of the country’s urban population?

a. Asian Development Bank
b. World Bank
c. BRICS Bank
d. European Central Bank
Answer  Explanation 

ANSWER: Asian Development Bank

Explanation:
The loan – Supporting National Urban Health Mission – will reinforce ongoing government efforts under the NUHM to develop health systems in urban areas that can deliver quality health services and that reach the urban poor and vulnerable. It will focus on strengthening primary health care and also promote better coordination between health and urban sectors and opportunities for public-private partnerships.

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