Explanation:

The Government of India and the Asian Development Bank (ADB) signed a $1.5 billion loan to support India’s COVID-19 immediate response. They signed the loan agreement for the ADB’s COVID-19 Active Response and Expenditure Support Programme (CARES Programme). It will be used to implement (i) COVID-19 containment plan to rapidly ramp up test-track-treatment capacity, and (ii) social protection for the poor, vulnerable, women, and disadvantaged groups to protect more than 800 million people over the next three months. Established in 1966, Asian Development Bank (ADB) is owned by 68 members—49 from the Asia and the Pacific region. It is Headquartered in Manila, Philippines.