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
a. AIIB
b. IMF
c. Asian Development Bank
d. World Bank
