World Bank Inks $172 Million Project Agreement With Andhra Pradesh

The Central and Andhra Pradesh governments and the World Bank have signed the loan agreement for a $172.20 million project to enhance agricultural productivity, profitability, and climate resilience of poor and marginalized farmers in Andhra Pradesh.

The projects seek to ensure that farming continues to remain a financially viable activity. The Andhra Pradesh Integrated Irrigation and Agriculture Transformation Project (APIIATP) will be implemented in rural areas largely dependent upon rain-fed agriculture.

Source- The Hindu Business Line

Static/Current Takeaways Important For IBPS PO Mains Exam 2018:

  • Andhra Pradesh CM: N Chandrababu Naidu, Governor: ESL Narasimhan.
  • World Bank President: Jim Yong Kim, Headquarters: Washington, D.C., United States

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