Current Affairs · Multilateral Development Banks
Consider the following statements regarding the recent sovereign exposure exchange agreement (EEA) between the Asian Development Bank (ADB) and the World Bank: 1. The agreement is ADB's first sovereign EEA with the World Bank. 2. The $3 billion agreement aims to reduce portfolio concentration risks and increase ADB's lending capacity. 3. The Capital Adequacy Framework revision in 2023 unlocked $100 billion in additional lending capacity for ADB over the next decade. Which of the above statements is/are correct?
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