Question
Which of the following financial institution entered
into an agreement with ABIS Exports India Private Limited to subscribe to non-convertible debentures for $16 million to enhance food security in India?Solution
Asian Development Bank (ADB) and ABIS Exports India Private Limited (ABIS) entered into an agreement to subscribe to non-convertible debentures for $16 million to enhance food security in India by supporting the construction of a micro fish feed plant and by training up to 6,000 farmers in climate-resilient fish farming practices as well as financial literacy.
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