Which financial body has approved a $1.5 billion loan to India for procuring a safe and effective COVID Vaccine?

• A. New Development Bank (NDB)
• B. Asian Development Bank (ADB)
• C. European Bank for Reconstruction and Development (EBRD)
• D. World Bank

Answer: (B)

The Asian Development Bank (ADB) has approved a $1.5 billion loan (approx Rs 11,185 crore) to help the Government of India purchase safe and effective vaccines against the coronavirus (COVID-19).