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$145 Million Loan Agreement Between AIIB, GOI and West Bengal

Published on May 17, 2020
Current Context: Asian Infrastructure Investment Bank (AIIB) has approved a loan agreement of $145 million with the Government of India and West Bengal state government.
$145 Million Loan Agreement Between AIIB, GOI and West Bengal

  • The loan is approved for the purpose of improving flood management strategies and irrigation services in the Damodar Valley Command Area (DVCA) in West Bengal state.
  • The project is named as West Bengal Major Irrigation and Flood Management Project.
  • The project will be highly beneficial to 2.7 million farmers from five districts of West Bengal.
  • The West Bengal state government will be improving the irrigation facility and thus the agriculture by optimizing the use of surface and groundwater. This will also improve flood management.

Static Part:

  • HQ of AIIB: Beijing, China
  • President of AIIB: JinLiqun
  • CM of West Bengal: Mamata Banerjee
  • Governor of West Bengal: JagdeepDhankhar
  • National Parks and Wildlife sanctuaries in West Bengal: Buxa National Park, Gorumara National Park, Neora Valley NP, Sangalila NP, SunderbanNP, Jaldapara NP, Holiday Island WLS, Lothian Island WLS, Raiganj WLS, Senchal WLS, Ramnabagan WLS

Question:

Q.1 With whom West Bengal and GOI have signed a loan agreement for West Bengal Major Irrigation and Flood Management Project?
a. OECD
b. AIIB
c. ADB
d. UNIDO
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