Question
The ADB has approved a USD 250 million policy-based loan to support India’s which of the following sector?
Solution
The ADB has approved a USD 250 million policy-based loan to support India’s wide-ranging reforms that aim to strengthen and modernise the country’s logistics infrastructure, improve efficiency, and lower costs. The loan will finance the first sub-program of the strengthening multimodal and integrated logistics ecosystem program, which supports the government’s efforts to create a comprehensive policy, planning, and institutional framework at the federal, state, and city level.
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