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WB approves 100 mln USD credit for Cambodia's road connectivity improvement project

WorldNews Friday, 17 July 2020
WB approves 100 mln USD credit for Cambodia's road connectivity improvement projectPHNOM PENH, July 17 (Xinhua) -- The World Bank has approved a 100-million-U.S. dollar credit for Cambodia's road connectivity improvement project, according to its press statement on Friday. The project will enhance rural communities' access to critical services, such as health centers, referral hospitals, schools and markets, through the improvement of climate-resilient rural roads, the...
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Cambodia Cambodia Country in Southeast Asia

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Xinhua News Agency Xinhua News Agency Official press agency of the People's Republic of China

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World Bank World Bank International financial institution

Right time for India to make efforts to become part of Global Value Chains: RBI Governor [Video]

Right time for India to make efforts to become part of Global Value Chains: RBI Governor

While interacting with the National Council members of Confederation of Indian Industry (CII) on July 27, the Reserve Bank of India (RBI) Governor Shaktikanta Das said, "According to a World Bank 2020 report, 1% increase in GVC (Global Value Chains) participation can boost per capita income levels of a country by more than 1%." "I think this is the right time for India to make efforts to become a part of GVC (Global Value Chains). The focus has to be on productivity and quality of our products and services,"

Credit: ANI    Duration: 01:28Published
World Bank sanctions USD 400 million to enhance Namami Gange Programme [Video]

World Bank sanctions USD 400 million to enhance Namami Gange Programme

The World Bank and the Government of India on July 07 signed a loan agreement to enhance support for the Namami Gange Programme that seeks to rejuvenate the Ganga River. The USD 400 million operation comprises a loan of USD381 million and a proposed guarantee of up to USD 19 million. The agreement was signed between Sameer Kumar Khare, Additional Secretary, Department of Economic Affairs, Ministry of Finance on behalf of the Government of India and Qaiser Khan, Acting Country Director (India), on behalf of the World Bank. The guarantee instrument will be processed separately. The Second National Ganga River Basin Project will help stem pollution in the iconic river and strengthen the management of the river basin, which is home to more than 500 million people. Under the Namami Gange Programme, 313 projects have been sanctioned till March 2020 at a total cost of Rs 28,966 crore in different sectors. The National Ganga River Basin Project (NGRBP) is an important component of Namami Gange. A World Bank-funded National Ganga River Basin Project (Ganga -I) for an amount of USD600 million (Rs 4,535 crore) is currently ongoing and is approved up to December 31, 2021 for funding infrastructure projects of pollution abatement in the river Ganga. The loan would be for a period of five years up to December 2026. The World Bank has been supporting the government's efforts since 2011 through the ongoing National Ganga River Basin Project. The USD400 million operation includes a proposed guarantee of up to USD19 million to backstop the government's payment obligations for three Hybrid-Annuity-Model Public-Private Partnership (HAM-PPP) investments on the Ganga's tributaries.

Credit: ANI    Duration: 02:24Published

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