ADB and Japan announce 5 year multi-billion partnership

Q.  ADB announced a 5 year USD 16 billion partnership including investment fund to support infrastructure development with which country in the region?
- Published on 23 Nov 15

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

ANSWER: Japan
 
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.

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