India Signs Loan Agreement with the World Bank for USD 25.2 Million

The Government of India, the State Government of Chhattisgarh and the World Bank signed a $25.2 Million Loan Agreement to support the State’s Reforms in Expenditure Management. This support will cover Expenditure Planning, Investment Management, Budget Execution, Public Procurement, and Accountability.

The Chhattisgarh Public Financial Management and Accountability Program, which is the First Bank-Financed State-Level Project in Chhattisgarh in nearly a decade, will also help the State strengthen its Direct Benefit Transfer (DBT) and Tax Administration Systems.

Static/Current Takeaways Important for LIC AAO Exam:

  • Chief Minister of Chhattisgarh: Bhupesh Baghel, Capital of Chhattisgarh– Raipur
    Headquarters of World Bank: Washington, DC

Source- Press Information Bureau (PIB)

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