Question 854
For the 'Climate Resilient Brahmaputra Integrated Flood and Riverbank Erosion Risk Management (FRERM) Project in Assam', Which Organisation/Bank has recently signed a USD 200 million loan agreement with the Department of Economic Affairs (DEA)?
Answer
Asian Development Bank
Why?
The correct answer is the Asian Development Bank. In News ADB and Government of India Sign $200 Million Loan for Brahmaputra River Project. Key Points The Asian Development Bank (ADB) has approved a $200 million loan to enhance flood and riverbank erosion risk management along the Brahmaputra River in Assam, India. This project aims to build on previous successful initiatives and address the persistent challenges of flooding and erosion in the region. Stabilizing 60 km of riverbanks and installing 32 km of pro-siltation measures. The Flood and River Erosion Management Agency of Assam will lead, manage, and coordinate project activities. Additional Information Asian Development Bank Established in - 1966 HQ - Manila, Philippines President - Masatsugu Asakawa World Bank Established in - 1944 HQ - Washington D.C President - Ajay Banga United Nations Development Programme Established in - 1965 HQ - New York, US Head - Achim Steiner International Monetary Fund Established in - 1944 HQ - Washington D.C MD - Kristalina Georgieva Asian Infrastructure Investment Bank Established in - 1916 HQ - Beijing, China Member - 109
