World Bank Financially Supports Namami Gange Programme

Current Context: World Bank and Government of India has signed a loan agreement to financially support 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