The Indian government is working out a transitional arrangement with the the World Bank to avail loans lower than the market. Now the World Bank would not lend India soft loans to India as the country has graduated into a middle-income country. But it lends loans, till 2021, at higher than its prevailing concessional rates but lower than the market rates.
Tag: World Bank
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Committee set up to improve 1,700 km roads in TN
An empowered committee has been formed to ensure better coordination between various departments for implementing a project to improve 1,700 km of roads across Tamil Nadu in a time-bound manner.
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Sometimes, it’s good for India Inc to be India Outbound
Vietnam is the latest entrant in the PPP marketplace, thanks largely to World Bank's guidance. Kamran M Khan, Programme Director at Global Infrastructure Finance Centre of Excellence at World Bank-Singapore Urban Hub,
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Case study: Lessons from Vietnam
After years of treading cautiously and failed attempts at PPP, Vietnam finally seems determined to push the envelope. To fund its first ever PPP project that will connect two major cities along an industrial corridor on the east coast,
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World Bank willing to finance preparation of master plans
Multilateral lending agency World Bank expressed willingness to finance the preparation of preliminary master plans of Auraiya Investment Zone and Allahabad-Naini-Bara Investment Zone. Recently, a team of officials from the World Bank met top officials of the UP government to plan the initiative. It may be recalled that the Uttar Pradesh government agreed to become a stakeholder in the Amri
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Bihar govt seeks World Banks aid for rural link roads
The Bihar government on July 11 sought World Bank assistance for linking areas with habitations of more than 250 people with all season roads. The assistance was sought during a meeting of World Bank country Director in India Oano Ruhul with Chief Minister Nitish Kumar in Patna, an official release said. They discussed in detail the programme of connecting habitations of more than 250 people with concrete roads.
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Bihar govt seeks World Banks aid for rural link roads
The Bihar government on July 11 sought World Bank assistance for linking areas with habitations of more than 250 people with all season roads. The assistance was sought during a meeting of World Bank country Director in India Oano Ruhul with Chief Minister Nitish Kumar in Patna, an official release said. They discussed in detail the programme of connecting habitations of more than 250 people with concrete roads.
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World Bank gives $84 mn loan for Bihar project
An agreement for credit of $84 million (equivalent) from World Bank for the Bihar Panchayat Strengthening Project was signed. Nilaya Mitash, Joint Secretary, Department of Economic Affairs, Ministry of Finance signed on behalf of Government of India and Michael Haney, Operations Advisor, World Bank, India on behalf of the World Bank. On behalf of Government of Bihar, Amitabh Verma, Principal Secretary, Department of Panchayati Raj signed the
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World Bank’s loan of $216 mn to improve Kerala roads
To improve road conditions and safety in Kerala the Union government has signed a pact with the World Bank for $216 million loan for the State Transport Project. The loan and project agreements for World Bank assistance of $216 million for Kerala State Transport Project were signed between the Central government, Kerala government and World Bank on June 19, an official statement said.
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World Bank sign $216 mn loan pact for Kerala projects
World Bank signed a $216 million loan agreement with the Government of India and the Government of Kerala for the second Kerala State Transport Project. The loan agreement was signed by Nilaya Mitash (Joint Secretary, Department of Economic Affairs) on behalf of Government of India and Onno Ruhl, Country Director, World Bank (India) on behalf of the World Bank