Asian Infrastructure Investment Bank (AIIB) has affirmed a USD 750 million (around Rs 5,714 crore) loan to India to enable the legislature to fortify its fight against the antagonistic effect of COVID-19 on poor and vulnerable households.
Click Here To Get Test Series For SBI PO 2020
AIIB’s total sovereign advances to India that have just been affirmed add up to USD 3.06 billion, including an ongoing USD 500 million COVID-19 emergency response. The current credit will be the second for India under AIIB’s COVID-19 Crisis Recovery Facility (CRF).
While AIIB doesn’t have a day by day instrument for strategy based financing, the Bank is extending such financing on an uncommon premise under the CRF to help its individuals through ventures cofinanced with the WorldBank or the Asian Development Bank.
Important takeaways for all competitive exams:
The global job market is undergoing rapid transformation due to Artificial Intelligence (AI), automation, machine…
The Securities and Exchange Board of India (SEBI) has introduced the GARUDA Green Channel framework…
India and Pakistan are among South Asia’s most strategically important military powers. Both countries maintain…
The Indian Railway Catering and Tourism Corporation (IRCTC) Chairman and Managing Director (CMD) Sanjay Kumar…
On 24th June, International Day of Women in Diplomacy 2026 is observed all round the…
In the Padma Awards 2026 ceremony Honourable President Droupadi Murmu honored the 65 distinguished personalities…