India And World Bank Sign 300 million dollar Loan Agreements

The Central government and the World Bank have signed 300 million dollar loan agreements for India Energy Efficiency Scale up Programme. They signed 220 million dollar Loan Agreement and an 80 million Guarantee Agreement for the Efficiency Scale-Up Program. 
The Program, to be implemented by the Energy Efficiency Services Limited (EESL), will help scale-up the deployment of energy saving measures in residential and public sectors, strengthen EESL’s institutional capacity, and enhance its access to commercial financing. 
Source- AIR World Service

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • Sameer Kumar Khare is the Joint Secretary in the Ministry of Finance. 
  • President of the World Bank- Jim Yong Kim. 
  • Headquarters of World Bank- Washington, DC.