World Bank offers over $1-billion loan to Maharashtra

Posted on:03 Mar 2017 09:28:54
World Bank offers over $1-billion loan to Maharashtra
03 March 2017 Current Affairs: The World Bank has announced an assistance programme of over $1 billion in the areas of urban transport and climate resilient agriculture in Maharashtra, over the next 2-3 years.

This was announced by the World Bank’s Chief Executive Officer, Kristalina Georgieva. Over the last five years, World Bank had invested over $1.4 billion in Maharashtra in urban transport, rural water supply and agriculture. 

The Government of Maharashtra is committed to sustaining high economic growth for its people. The State faces significant challenges, particularly in the areas of urban transport, climate change and water, Chief Minister Devendra Fadnavis stated.

 

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