CURRENT AFFAIRS

Detailed explanation-1: -The $220 million loan, from the International Bank for Reconstruction and Development (IBRD) to EESL, has a 5-year grace period, and a maturity of 19 years. The $80 million IBRD guarantee will partially cover re-payment risks to commercial lenders or investors, to enable EESL to raise funds for its program.

Detailed explanation-2: -WASHINGTON, DC, September, 21, 2022-The World Bank’s Executive Board of Directors today approved a $350 million loan to the western Indian state of Gujarat to improve the quality and access of its public healthcare services, with special focus on adolescent girls and disease surveillance.

Detailed explanation-3: -The World Bank also helped India pioneer pathbreaking reforms in rural water supply where, for the first time, local communities were involved in the planning and management of their water supply systems. Today, some 30 million people in over 30, 000 villages have gained better access to drinking water.

Detailed explanation-4: -Energy Efficiency Services Limited (EESL) is the organisation responsible for implementation of Domestic Efficient Lighting Programme (DELP) or the UJALA scheme, as it is now being referred to.