New Enroll for RBI, SEBI & NABARD Intro Class! April 18 at 9:15 PM

    Question

    Which institution will back the Asian Development Bank's

    climate-related lending with sovereign guarantees?
    A International Monetary Fund Correct Answer Incorrect Answer
    B United Nations Development Programme Correct Answer Incorrect Answer
    C United States and Japan Correct Answer Incorrect Answer
    D European Union Correct Answer Incorrect Answer
    E World Bank Correct Answer Incorrect Answer

    Solution

    The United States and Japan will provide sovereign guarantees of $1 billion and $600 million, respectively, enabling the Asian Development Bank to boost climate-related lending by $7.2 billion.

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