Question 991

Asian Development Bank approves how much Million USD loan to strengthen flood and riverbank erosion risk management in Assam?

Answer

200

Why?

The correct answer is 200. In News ADB Approves $200 Million Loan to Strengthen Flood and Riverbank Erosion Risk Management in Assam, India. Key Points The Asian Development Bank (ADB) has approved a $200 million loan to strengthen flood and riverbank erosion risk management along the 650 kilometres (km) long main stem of the Brahmaputra River in Assam, India. The project builds on the success and lessons from the ADB-financed Assam Integrated Flood and Riverbank Erosion Risk Management Investment Program (2010–2020) and similar investments in Bangladesh and will continue to tackle recurrent flooding and continual riverbank erosion of the Brahmaputra River. The project will apply a holistic, integrated, and risk-informed approach to scale up investment in flood and riverbank erosion risk management and its long-term planning while intensifying support for climate and disaster resilience and food security. By optimizing co-benefits and empowering women through disaster-resilient economic activities, the project will benefit about 1 million people and increase crop production by over 50,000 hectares. Additional Information Asian Development Bank President - Masatsugu Asakawa HQ - Manila, Philippines Founded in - 1966