Which two international financial institutions will co-finance USD 2 billion loan for India's fight against COVID-19?

• A. WB, IMF
• B. AIIB, ADB
• C. EDB, EBRD
• D. EIB, IDB

Answer: (B)

Beijing-based multilateral development bank Asian Infrastructure Investment Bank (AIIB) and the Asian Development (ADB) will co-finance a USD 2 billion loan for India to procure COVID-19 vaccines under ADB's Asia Pacific Vaccine Access Facility (APVAX).