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With which of the following has India inked $346 million loan agreement to finance Karnataka State Highways Improvement III Project (KSHIP-III)?
Question

With which of the following has India inked $346 million loan agreement to finance Karnataka State Highways Improvement III Project (KSHIP-III)?

A.

World Bank

B.

Asian Development Bank

C.

State Bank of India

D.

Bank of China

Correct option is B


India has inked a $346 million loan agreement with the Asian Development Bank to finance the Karnataka State Highways Improvement III Project (KSHIP-III). The Asian Development Bank (ADB) (Hq-Manila,Philippines) is a multilateral development bank established in 1966 with a focus on improving the social and economic development of countries in Asia and the Pacific
· Specific projects funded by the ADB in India or other countries.
· The loan approval process for projects like KSHIP-III.
· The ADB's development strategies and goals for the region.
· Membership and governance structure of the ADB.

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