CURRENT AFFAIRS

Detailed explanation-1: -Himachal Pradesh, World Bank sign $82 mn loan deal for HP State Roads Transformation Project.

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 lends around US$27.1 billion to India, which makes it the largest country of IBRD support.

Detailed explanation-4: -Since 2005, the World Bank has committed over $1.5 billion to support the state in watershed development, green hydropower, infrastructure, and agriculture. Ongoing engagements in the state include horticulture development and improving water supply and sewerage services in the capital city of Shimla.

Detailed explanation-5: -2017 is the 70th anniversary of the signing of the World Bank’s first loan – a Reconstruction Loan to France in 1947.