On July 23, 2020, Pakistan signed two loan agreements with the World Bank and AIIB of:

A. $690 million
B. $700 million
C. $730 million
D. $750 million

Answer

Correct Answer: D. $750 million


Detailed About MCQs

On July 23, 2020, Pakistan signed two loan agreements with the World Bank and Asian Infrastructure Investment Bank of $750 million for budget support following increased expenditures on Covid-19 crisis response. Under the two financing agreements, the WB and AIIB are providing $500m and $250m respectively.  The agreements were signed on the government`s behalf by Noor Ahmed (Secretary Ministry of Economic Affairs) while on behalf of World Bank Patchamuthu Illangovan (Country Director ) and on behalf of AIIB Konstantin Limitovsriy (Vice President) signed agreements.