2023 · Q55
Recently which one among the following committed up to $25 billion for the next five years to fund India’s infrastructure creation under the Prime Minister Gati Shakti initiative as well as social development and climate action, thus aiding India’s aspirations for green growth?
Indian EconomyInflation and external sector
- AAsian Development Bank
- BInternational Finance Corporation
- CNew Development Bank
- DWorld Bank
Explanation
In March 2023, Asian Development Bank President Masatsugu Asakawa committed up to $25 billion over five years to support India's infrastructure creation under the PM Gati Shakti initiative, along with social development and climate action for green growth. The IFC, New Development Bank and World Bank made no such $25 billion commitment. Hence (a).