Which financial institution has inked a $251-million loan agreement with India for Integrated Urban Flood Management in Chennai?

• A. Asian Development Bank
• B. United Nations Development Programme
• C. World Bank
• D. Asian Infrastructure Investment Bank

Answer: (A)

The Government of India and Asian Development Bank (ADB) has signed a $251-million loan for climate-resilient, integrated urban flood protection and management in the Chennai-Kosasthalaiyar basin to strengthen the resilience of Chennai city to floods.