CURRENT AFFAIRS

Detailed explanation-1: -The World Bank Group agreed on an additional US$500million loan to finance the PMGSY in May 2018 and now has invested US$1.8billion into the program.

Detailed explanation-2: -India approached the International Bank for Reconstruction and Development (IBRD), popularly known as World Bank and the International Monetary Fund (IMF), and received $7 billion as loan to manage the crisis during 1991.

Detailed explanation-3: -The correct answer is World Bank. The World Bank on 27 June 2022 approved a $250 million loan for the Indian government’s road safety programme that addresses the high road accident fatality rate in the country. This road safety programme will be implemented in seven States.

Detailed explanation-4: -World Bank Approves $250 million Program for Making India’s Roads Safer. The new World Bank project is helping select Indian states reduce the impact that road crashes have, especially on the poor, the economy and on human capital.

Detailed explanation-5: -The World Bank has approved a USD 235 million credit for the Bihar Rural Roads Project to improve and effectively manage rural road network of the state.