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    Question

    Which of the following international financial

    institution will provide a loan of USD 96.3 million for a project to provide safe drinking water sanitation services in Himachal Pradesh?
    A World Bank Correct Answer Incorrect Answer
    B International Monetary Fund Correct Answer Incorrect Answer
    C Asian Development Bank Correct Answer Incorrect Answer
    D New Development Bank Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The Asian Development Bank (ADB) will provide a loan of USD 96.3 million (about Rs 769 crore) for a project to provide safe drinking water and improve water supply and sanitation services in Himachal Pradesh. The ADB project will connect 75,800 households to the service, providing an uninterrupted water supply to about 3,70,000 residents across 10 districts. To improve water supply and sanitation services, the project aims to construct 48 groundwater wells, 80 surface water intake facilities, 109 water treatment plants, 117 pumping stations, and 3,000 km of water distribution pipelines. Learn Along: The Asian Development Bank is a regional development bank. It was established in 1966, it is owned by 68 members—49 from the region. ADB Headquarters: Philippines President: Masatsugu Asakawa

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