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World Bank Offered Loan of $250 Million for Andhra Pradesh

Published on November 25, 2021
Current Context: The loan agreement was signed among, Government of India, Andhra Pradesh Government, and World Bank to improve the education quality in the state of Andhra Pradesh.
World Bank Offered Loan of $250 Million for Andhra Pradesh
  • In this regard, the loan agreement worth $250 million was signed amongst the entities.
  • The project will be executed to improve the quality of education and educational service delivery in the state’s schools.
  • Around 40 lakh students between age 6 and 14 in 45,000 government schools will be benefited and 10 lakh students between 3 and 6 age from Anganwadis of the state will be benefited from the project.
  • The project will also impart various training sessions to the teachers and Anganwadi workers.
  • Static Part: 
    • HQ of World Bank: Washington DC, US
    • President of World Bank: David R Malpass

Question: 

Q.1 Which entity granted a loan of $250 million to Andhra Pradesh in order to develop education quality in the state?
a. Asian Development Bank
b. New Development Bank
c. Asian Infrastructure Investment Bank
d. World Bank

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