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Which bank joined hands with Green Climate Fund (GCF) towards ‘green recovery’ on the impacts of COVID-19 disease?
- a)Asian Infrastructure Investment Bank (AIIB)
- b)New Development Bank (NDB)
- c)Asian Development Bank (ADB)
- d)World Bank (WB)
- e)None of these
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
Which bank joined hands with Green Climate Fund (GCF) towards ‘g...
The Asian Development Bank (ADB) and the Green Climate Fund (GCF) agreed to partner toward the “Green Recovery”. This is to help hands for the people who are facing the harsh economic impact due to COVID-19 pandemic. They agreed to strengthen collaboration on non-sovereign operations while ensuring GCF’s processes are as flexible as possible to foster at-scale financing. ABD has offered a support package of USD 20 billion for COVID-19.
Most Upvoted Answer
Which bank joined hands with Green Climate Fund (GCF) towards ‘g...
Correct Answer:- C (Asian Development Bank)
Recently in July 2020, The Asian Development Bank (ADB) and the Green Climate Fund (GCF) agreed to partner toward the “Green Recovery”. This is to help hands for the people who are facing the harsh economic impact due to COVID-19 pandemic. They agreed to strengthen collaboration on non-sovereign operations while ensuring GCF’s processes are as flexible as possible to foster at-scale financing.
Significance:
(a)- This collaboration focuses on enhancing the steps to reduce the carbon emission and for climate resilient development in Asia and the pacific.
(b)- ABD has offered a support package of USD 20 billion for COVID-19.
Recently in July 2020, The Asian Development Bank (ADB) and the Green Climate Fund (GCF) agreed to partner toward the “Green Recovery”. This is to help hands for the people who are facing the harsh economic impact due to COVID-19 pandemic. They agreed to strengthen collaboration on non-sovereign operations while ensuring GCF’s processes are as flexible as possible to foster at-scale financing.
Significance:
(a)- This collaboration focuses on enhancing the steps to reduce the carbon emission and for climate resilient development in Asia and the pacific.
(b)- ABD has offered a support package of USD 20 billion for COVID-19.
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Which bank joined hands with Green Climate Fund (GCF) towards ‘green recovery’ on the impacts of COVID-19 disease?a)Asian Infrastructure Investment Bank (AIIB)b)New Development Bank (NDB)c)Asian Development Bank (ADB)d)World Bank (WB)e)None of theseCorrect answer is option 'C'. Can you explain this answer?
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