India Signs Loan Agreement with World Bank for US $119 Million

A Financing Agreement for IBRD loan of US$ 119 million (equivalent) for the “Odisha Higher Education Programme for Excellence & Equity (OHEPEE) Project” was signed with the World Bank.

The Objective of the project is to improve the quality of ‘students’ equitable access to selected institutions and enhance governance of the higher education system in Odisha. The closing date for the project is 30th November, 2022.
Current/Static Takeaway Points Important for IBPS PO Mains 2017 Exam-
  • IBRD- International Bank for Reconstruction and Development.
  • President- Jim Yong Kim (12th), Headquarters- Washington, DC USA
  • Odisha CM- Naveen Patnaik, Governor– S C Jamir.

Source- The World Bank