CURRENT AFFAIRS

Detailed explanation-1: -WASHINGTON DC, April 2, 2020 - The World Bank’s Board of Executive Directors today approved a fast-track $1 billion India COVID-19 Emergency Response and Health Systems Preparedness Project to help India prevent, detect, and respond to the COVID-19 pandemic and strengthen its public health preparedness.

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: -We’re fast-tracking $1 billion to help prevent, detect, and respond to the COVID-19 pandemic in India and strengthen its public health preparedness, the largest ever health sector support from the Bank to India.

Detailed explanation-4: -India received its first bank loan of US$34million from the IBRD in November 1948 for railway rehabilitation. Since then, India has become the country with the largest country program and its lending portfolio of the World Bank group inheres of 104 operations with a total volume of $27.1 billion.

Detailed explanation-5: -Headquartered in Washington, D.C., the bank is the largest source of financial assistance to developing countries.