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      Question

      __________ approved a loan package of USD 143 million

      for Bangladesh to support government efforts to accelerate growth by improving efficiency, predictability, and security of cross-border trade.
      A World Bank Correct Answer Incorrect Answer
      B ADB Correct Answer Incorrect Answer
      C IMF Correct Answer Incorrect Answer
      D AIIB Correct Answer Incorrect Answer
      E NDB Correct Answer Incorrect Answer

      Solution

      Sol: b. ADB The Asian Development Bank (ADB) approved a loan package of USD 143 million for Bangladesh to support government efforts to accelerate growth by improving efficiency, predictability, and security of cross-border trade. ADB’s assistance supports the government’s goal of accelerating economic growth through industrialization and trade. It will help diversify the country’s export products and destinations. Improved connectivity will facilitate subregional trade and commerce among the South Asia Subregional Economic Cooperation countries.

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