India on 13th Dec 2016 signed an agreement for MSME financing with which bank?

IBRD

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ADB

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None of the above

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Solution

The correct option is B IBRD
The International Bank for Reconstruction and Development (IBRD) is an international financial institution that offers loans to middle-income developing countries. The IBRD is the first of five member institutions that compose the World Bank Group, and is headquartered in Washington, D.C., United States.

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2016

For which of the following project, a Financing Agreement for IBRD loan of USD 250 million (equivalent) was signed with the World Bank?

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