IBRD (World Bank arm) Approved Loan for West Bengal

Published on December 03, 2021
Current Context: The World Bank Group's arm International Bank for Reconstruction and Development (IBRD) has approved a loan to West Bengal to improve the operational efficiency and reliability of electricity supply in the state.
IBRD (World Bank arm) Approved Loan for West Bengal
  • The loan of USD 135 million loans was approved for the same.
  • The funds will be used to strengthen distribution networks, smart-grid technologies and bring financial sustainability to the state’s electricity distribution companies.
  • The loan will be having a maturity of 17 years, including a grace period of 7 years.
  • The funds will be used for West Bengal Electricity Distribution and Grid Modernization Project. The project will work to reduce losses and enhance capacity in the electricity distribution network.
  • Static Part: 
    • HQ of IBRD: Washington DC, US

Question: 

Q.1 The World Bank Group's arm International Bank for Reconstruction and Development (IBRD) approved a loan of USD 135 million to improve the operational efficiency and reliability of the electricity supply in which state?
a. Karnataka
b. Punjab
c. Maharashtra
d. West Bengal
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