Question: Recently how much amount of loan approval was given by the Asian Infrastructure Investment Bank (AIIB) for five projects in Andhra Pradesh?
(a) $ 2 million
(b) $3 million
(c) $ 5 million
(d) $5.5 million
Answer: (a)
Related Facts:
- On October 31st, 2017, approval was granted by the Chinese sponsored Asian Infrastructure Investment Bank to provide a loan amount of $ 2 million (Rs 13,000 crore) to Andhra Pradesh.
- This loan amount has been approved for five projects in this state, which includes two roads and one rural safe drinking water department, municipal and urban development department and Panchayati Raj Department.
- It is known that a proposal was forwarded to the Central Government for seeking assistance for these five projects by the Andhra Pradesh government a few months ago.
- AIIB is headquartered in Beijing, China.
- It was commenced operations in January 2016.
Reference:
http://www.business-standard.com/article/news-ani/aiib-grants-rs-13-000-cr-loan-to-andhra-pradesh-117103101245_1.html
http://www.thehansindia.com/posts/index/Andhra-Pradesh/2017-10-31/AIIB-grants-Rs-13000-cr-loan-to-Andhra-Pradesh/336641
https://www.aiib.org/en/about-aiib/index.html