India signs loan agreement of 36 million dollar with World Bank


India has signed a loan agreement of 36 million dollars with the World Bank for Himachal Pradesh Public Financial Management Capacity Building Programme.

The project aims to improve the efficiency of public expenditure management and tax administration in Himachal Pradesh. The agreement was signed by Joint Secretary of Department of Economic Affairs Raj Kumar and the Bank’s Country Director Junaid Kamal Ahmad.

Static Takeaways for SBI PO Mains Exam-
  • Jim Yong Kim is the President of World Bank and its headquarter is in Washington, D.C, USA
  • World Bank was founded in 1944.
Source – The Indian Express

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