India Signs Loan Agreement With World Bank For Rajasthan Project

An Agreement for IBRD Credit of USD 21.7 Million from the World Bank for the Strengthening of Public Financial Management in Rajasthan Project was signed in New Delhi. The Project size is approximately USD 31 million, of which USD 21.7 million will be financed by the World Bank, and the remaining amount will be funded out of the State Budget.

The Project duration is 5 years. The Project objective is to contribute to improved Budget execution, enhanced accountability and greater efficiency in Revenue Administration in Rajasthan.

Source- Press Information Bureau (PIB)

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • President of the World Bank- Jim Yong Kim.
  • Headquarters of World Bank- Washington, DC.