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DIPAM signs agreement with World Bank

Published on November 17, 2020
Current Context: The Department of Investment and Public Asset Management (DIPAM) has entered into an agreement with the World Bank.
DIPAM signs agreement with World Bank
  • They have entered into an agreement so that World Bank will provide advisory services to DIPAM for asset monetization. 
  • DIPAM works to handle the Indian government's disinvestment programme. It facilitates monetization of non-core assets of government CPSEs under strategic disinvestment or closure and enemy property of the value of Rs 100 crores and above. It is basically having a framework for monetizing non-core assets.
  • Under this agreement, the World Bank will provide its advisory services for asset monetization under its advisory project.
  • The World Bank’s advisory project is approved by the Finance Ministry. 
  • This advisory project will study and analyze public asset monetization and then it will set a mark of its standard institutional model against best international practices.
  • This will help to develop operational guidelines and structures along with improving the capacity building.
  • This partnership will also help to unlock the value of the unused or marginally used assets, which will boost financial resources for further investments and growth.
  • And the amount which will be raised through the sale of non-core assets will be counted as a part of the disinvestment proceeds.

Question: 

Q.1 With whom the Department of Investment and Public Asset Management (DIPAM) has entered into an agreement for the purpose of its asset monetization?
a. World Bank
b. Asian Infrastructure Investment Bank
c. New Development Bank
d. Asian Development Bank
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