New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    ___________ approved financing of USD 250 million for

    Bangladesh to help it strengthen policies to sustain growth following the COVID 19 pandemic and enhance resilience to future shocks.
    A IMF Correct Answer Incorrect Answer
    B ADB Correct Answer Incorrect Answer
    C AIIB Correct Answer Incorrect Answer
    D World Bank Correct Answer Incorrect Answer
    E NDB Correct Answer Incorrect Answer

    Solution

    The World Bank approved financing of USD 250 million for Bangladesh to help it strengthen policies to sustain growth following the COVID 19 pandemic and enhance resilience to future shocks. The Bangladesh First Recovery and Resilience Development Policy credit is first in a series of two credits to support fiscal and financial sector policies to enhance macroeconomic stability and sustain growth. It supports expanding and modernising social protection programs and energy sector policies to improve efficiency and reduce greenhouse gas emissions. These actions will help the country build resilience against future shocks, including climate change.

    Practice Next