India Signs Loan Agreement with World Bank for US$ 250 Million for SANKALP Project

A Financing Agreement for IBRD loan of USD 250 million (equivalent) for the “Skills Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP) Project” was signed with the World Bank.

The Objective of the project is to enhance institutional mechanisms for skills development and increase access to quality and market-relevant training for the workforce. The closing date for the project is 31st March 2023.
Static/Current Takeaways Important for RBI Assistant Mains 2017 Exam-
  1. IBRD- International Bank for Reconstruction and Development.
  2. World Bank President- Jim Yong Kim (12th), Headquarters- Washington DC, USA.
Source- Press Information Bureau (PIB)

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