The World Bank to continue the support to Andhra Pradesh with over $1 Billion program

The government seeks World Bank assistance for funding the flagship Navaratnalu program.
Akarsh Phanindra

Updated: Jul 29,2019 03:50:56 pm

The World Bank to continue the support to Andhra Pradesh with over $1 Billion program

23 July 2019 Current Affairs:The World Bank dropped a loan proposal for Amaravati project continues to support Andhra Pradesh with an over one billion USD program.
The program mainly covers the health, agriculture, energy and disaster management sectors. 
Aim
The main aim is to improve the living standards of citizens in tune with the Sustainable Development Goals.
Features 
This includes a new $328 million support to the state's health sector
The World Bank's statement dropped a 300 million USD loan proposal for the Amaravati Sustainable Infrastructure and Institutional Development Project. 
The Government of India (GoI) withdrew its request to the World Bank for financing the proposed Amaravati Sustainable Infrastructure and Institutional Development Project. 
The World Bank's Board of Executive Directors informed that the proposed project is no longer under preparation following the government's decision.
The government seeks World Bank assistance for funding the flagship Navaratnalu program.
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