# Which Bank approved $1.3 billion in loans for Pakistan for emergency budgetary support on Dec 06, 2019? with Answer - Pakistan Current Affairs MCQs | TestPrep

> Solved MCQ: Which Bank approved $1.3 billion in loans for Pakistan for emergency budgetary support on Dec 06, 2019? Correct Answer: C. ADB. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# Which Bank approved $1.3 billion in loans for Pakistan for emergency budgetary support on Dec 06, 2019?

Direct Answer & Quick Reference

The correct option is **C. ADB**.

The Asian Development Bank (ADB) on Friday approved $1.3 billion budgetary support loan for Pakistan, including $1 billion in crisis response facility to shore up low official fore...

A. State Bank

B. IMF

C. ADB **(Correct Answer)**

D. World Bank

✨ Explain with AI

Verified Key: C. ADB
Solved by 5,445+ students

**Detailed Explanation & Reference:**

The Asian Development Bank (ADB) on Friday approved $1.3 billion budgetary support loan for Pakistan, including $1 billion in crisis response facility to shore up low official foreign exchange reserves. It was for the first time in Pakistan’s history that any political or military government availed the crisis response facility to repay its foreign debt and build foreign currency reserves.

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