EBRD approves India's membership
Q. The Union Cabinet has approved India's Membership for which European Bank?- Published on 23 Nov 17a. European Bank for Reconstruction & Development (EBRD)
b. HSBC Bank
c. Standard Chartered bank
d. European Bank for Infrastructure & Development (EBID)
ANSWER: European Bank for Reconstruction & Development (EBRD)
The Union Cabinet has approved India's Membership for European Bank for Reconstruction & Development (EBRD). Department of Economic Affairs,
Ministry of Finance will take necessary steps to acquire the membership of the EBRD.
The membership of EBRD will enhance India's international profile and promote its economic interests.
It will give India access to EBRD's Countries of Operation and sector knowledge. Moreover, it will boost India's investment opportunities and also improve investment climate in country.
