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Question
Consider the following statements about 'Asia-Africa Growth Corridor':
1. It aims to integrate the economies of Asia, Europe and Africa.
2. New Development Bank would play a major role in the funding of the project.
Choose the correct option.
Consider the following statements about 'Asia-Africa Growth Corridor':
1. It aims to integrate the economies of Asia, Europe and Africa.
2. New Development Bank would play a major role in the funding of the project.
Choose the correct option.
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Solution
The correct option is D Neither 1 nor 2
Aiming to strengthen the growth and connectivity between Asia and Africa, India and Japan initiated the Asia-Africa Growth Corridor (AAGC), which primarily focuses on Development Cooperation Projects, Quality Infrastructure and Institutional Connectivity, Enhancing Skills, and People-to-People Partnership. It is not funded by the New Devolepment Bank. So both the statements are incorrect.
Aiming to strengthen the growth and connectivity between Asia and Africa, India and Japan initiated the Asia-Africa Growth Corridor (AAGC), which primarily focuses on Development Cooperation Projects, Quality Infrastructure and Institutional Connectivity, Enhancing Skills, and People-to-People Partnership. It is not funded by the New Devolepment Bank. So both the statements are incorrect.
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