Current context: Kerala received its first tranche of $250 million from World Bank under ‘Resilient Kerala Initiative’.
- Kerala’s Chief Minister Pinarayi Vijayan asked for support from the World Bank last year for bringing changes to reduce the risk of future disasters in Kerala
- The move was after the August flood in Kerala in August last year
- World Bank said it has signed up Kerala as its first ‘state partner’ in India
- The partnership of the World Bank and Kerala government is called as ‘Resilient Kerala Initiative’
- The initiative is an instrument to provide long term investment of $500 million to Kerala
- The World Bank is acting as a project partner as well as a development partner of Kerala government
- The project is not only about financing but also helping the state to build its institutional capabilities
Question:
‘Resilient Kerala Initiative’ is a partnership project between the Kerala government and ____?
a. IMF
b. World Bank
c. WTO
d. SAARC
a. IMF
b. World Bank
c. WTO
d. SAARC
