GoI, World Bank sign 400 million dollar project
Why in News?
- The Government of India and the World Bank signed a $400 million project to support India’s efforts at providing social assistance to the poor and vulnerable households, severely impacted by the COVID-19 pandemic.
- This is the second operation in a programmatic series of two. The first operation of $750 million was approved in May 2020.
- The $400 million credit is from the International Development Association (IDA) – the World Bank’s concessionary lending arm.
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