Finance agreement of US$ 250 million signed between India and World Bank

On 16.07.2015, India and World
Bank signed a finance agreement of US$ 250 million for Andhra Pradesh Disaster
Recovery Project. The agreement is for an implementation period of 5 years. The
objective of the project is to provide direct and indirect benefits to the
State of Andhra Pradesh
and restore, improve and enhance resilience of public services, environmental
facilities, and livelihoods in targeted communities of Andhra Pradesh. The
project also aims to increase the capacity of the State to respond promptly and
effectively to an eligible crisis or emergency.

of Finance
Source: Legal news India