New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which global financial institutions will provide

    sovereign guarantees for ADB’s climate-related lending?
    A IMF and World Bank Correct Answer Incorrect Answer
    B United States and Japan Correct Answer Incorrect Answer
    C European Union and World Bank Correct Answer Incorrect Answer
    D BRICS Development Bank and IMF Correct Answer Incorrect Answer
    E China and Germany Correct Answer Incorrect Answer

    Solution

    The United States and Japan are providing sovereign guarantees worth $1 billion and $600 million, respectively, to boost ADB’s climate-related lending by $7.2 billion.

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