Tag: World Bank

  • World Bank Assures Kerala CM Of Investment In State’s Basic Infrastructure Sectors

    World Bank Assures Kerala CM Of Investment In State’s Basic Infrastructure Sectors

    World Bank officials on Tuesday assured Kerala Chief Minister Pinarayi Vijayan that they were ready to make investments in the state’s basic infrastructure sectors.

    The assurance was given to Vijayan when he met Anna Bjerde, the Managing Director (operations) of the World Bank, at Washington DC, a statement issued by his office said.

    In the meeting, discussions were also held regarding the progress in various projects, including the Rebuild Kerala initiative which is being carried out in collaboration with World Bank, it said.

    Earlier, a high-level team from World Bank had visited Kerala to review the various development and policy programmes being implemented in the state as part of the Rebuild Kerala initiative and had also held discussions with the CM, the statement said.

    The meeting held in Washington DC was in continuation of that, it said.

    Besides the CM, Kerala Finance Minister K N Balagopal, Chief Secretary V P Joy and Planning Board Vice Chairman V K Ramachandran also participated in the meeting, the statement said.

    -With PTI Input

  • World Bank approves $100 million loan to Odisha

    World Bank approves $100 million loan to Odisha

    The World Bank has approved a $100 million loan to help Odisha strengthen its early forecasting systems for improved response to disasters and enhance its social protection coverage for poor and vulnerable households through digital platforms.

    “The coastal state of Odisha is vulnerable to natural disasters with cyclones hitting the state every 15 months on average. The state’s 480km coastline is also exposed to tsunami risk. Recurrent disasters significantly impact economic activities including agricultural production, infrastructure and access to health, education, and jobs,” said the media release.

    “The Odisha State Capability and Resilient Growth Programme will help reduce losses caused by natural disasters through a multi-hazard digital warning system and strengthen the state’s data collection efforts for better resilience planning. The programme will also increase social protection coverage through a cash transfer plan, with coastal and underserved communities receiving assistance through online delivery platforms,” it said.