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Question

Which institution approved capital- management reforms that will unlock $100 billion in funds over the next 10 years?
  • World Bank
  • IMF
  • AIIB
  • ADB
Answer- D

The Asian Development Bank (ADB) approved capital- management reforms that will unlock $100 billion in funds over the next 10 years to support Asia and the Pacific.

The reforms also create a Countercyclical Lending Buffer to support ADB developing member countries (DMCs) facing unexpected crises.