Name the bank/organization that has recently approved a USD 200 million loan to strengthen flood and riverbank erosion risk management in Assam, India.

The correct answer is the Asian Development Bank. 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-kilometer (km) long main stream 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. ADB is committed to supporting the state government to make Assam a disaster-resilient state. The project’s innovative cost-effective structural and advanced nonstructural measures will strengthen Assam’s capacity to better manage flood and riverbank erosion risks, hence enhancing disaster resilience of the state and affected communities. ​ Asian Development Bank President - Masatsugu Asakawa HQ - Manila, Philippines Founded in - 1966 Additional Information World Bank ​Founded in - 1944 HQ - New Hampshire, US CEO - Ajay Banga United Nations Development Programme ​Founded in - 1965 HQ - New York, US President - Achim Steiner International Monetary Fund ​Founded in - 1944 HQ - Washington DC, US CEO - Kristaline Georgieva African Development Bank ​Founded in - 1964 HQ - Abidjan, Côte d’Ivoire President - Dr. Akinwumi A. Adesina