World Bank Approves $562 Million Funding For 3 Projects In India

World Bank approves $ 562 million in funding for three projects in India

According to multilateral funding agencies, the World Bank has totaled 562 million to fund educational projects in Gujarat, social protection programs in Tamilnadu, and projects to support the recovery of the fishery sector after a pandemic. Approved three dollar loans.

The World Bank Board has announced that it has approved an additional $ 250 million in Accelerated Learning Outcomes (GOAL), a program aimed at improving the educational outcomes of children throughout Gujarat.

Funding for GOAL will benefit an additional 3,000 schools that have been disproportionately affected by the Covid-19 pandemic.

In addition, the World Bank’s board of directors will provide $ 150 million to support the recovery of India’s fishing sector, as well as social protection systems and the inclusion of Tamil Nadu, accessibility and opportunities for persons with disabilities. ..

According to multilateral funding agencies, the fishery sector lost about $ 5.5 billion in 2020-21, and the Covid-19 pandemic reduced fish production by almost 40% in a year.