IWAI Signs Project Agreement with World Bank for Jal Marg Vikas Project

Inland Waterways Authority of India (IWAI) has signed a project agreement with the World Bank for Jal Marg Vikas Project on river Ganga. The World Bank entered into a USD 375 million loan agreement with the Department of Economic Affairs, Union Ministry of Finance for Jal Marg Vikas Project (JMVP).

Jal Marg Vikas Project, which is expected to be completed by March 2023, is being implemented with the financial and technical support of the World Bank.
Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
  • Jim Yong Kim is the 12th President of the World Bank Group.
  • World Bank Headquarters in Washington DC, USA.
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