Current Affairs · International Organizations
Regarding the Asian Development Bank's (ADB) financial assistance and growth support to India, which of the following statements is NOT correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1ADB provides technical assistance grants aimed at enhancing the capacities of urban local bodies.
- 2ADB has pledged a $10 billion Urban Challenge Fund specifically for India over five years.✓
- 3$1 billion is designated for non-sovereign projects to encourage private investments.
- 4ADB plans to lend $5 billion annually to India from 2023 to 2027.
Correct answer
ADB has pledged a $10 billion Urban Challenge Fund specifically for India over five years.
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