Current Affairs · Agreements and Loans
India signed a policy-based loan with a multilateral development bank to strengthen logistics efficiency under the SMILE (Sustainable, Multimodal, Inclusive, Logistics and Efficiency enhancement) programme. Which institution extended a USD 350 million loan to support India's logistics sector reforms?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1New Development Bank
- 2World Bank
- 3International Finance Corporation
- 4Asian Development Bank✓
Correct answer
Asian Development Bank
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