World Bank Financially Supports Namami Gange Programme

Published on July 08, 2020
Current Context: World Bank and Government of India has signed a loan agreement to financially support Namami Gange Programme.
World Bank Financially Supports Namami Gange Programme
  • The Namami Gange Programme aims to rejuvenate the Ganga river.
  • The loan amount of $400 million has been sanctioned by World Bank to make Ganga a clean and healthy river.
  • The loan amount of $400 million comprises a loan of $381 million and a proposed guarantee of up to $19 million.
  • The loan amount will be utilised by India to develop and strengthen the management of the river basin, which is home to more than 500 million people.
  • Static Part: 
    • HQ of World Bank: Washington DC, United States
    • President of World Bank: David Malpass

Question: 

Q.1 Which of the following financial support organisation has sanctioned loan amount to GOI for Namami Gange Programme?
a. AIIB
b. IMF
c. Asian Development Bank
d. World Bank

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