India
Boosts Poverty Reduction Programs
India boosts
wide range of poverty reduction programs with World Bank support totaling
US$ 914 million
New Delhi - The World Bank today approved four loans and credits totaling
US$ 913.8 million, for a current fiscal year total lending of US$ 2.5
billion, to the Government of India to support programs vital to lasting
poverty reduction. The four loans and credits finance programs implemented
at the national, state and local levels.
Reinforcing initiatives
by the Government of India to support economic reforms at the state
level, two of the loans and credits approved today support reforms and
poverty reduction within the State of Karnataka.
The Karnataka Watershed
Development Project (US$100.4 million) finances improved services to
poor communities in semi-arid regions and the Karnataka Economic Restructuring
Project (US$150 million) supports ongoing efforts to improve fiscal
stability and government effectiveness in the state.
The Grand Trunk
Road Improvement Project (US$589 million) is part of the Central Government's
broader program to relieve transport bottlenecks on India's key highways.
The World Bank is financing expansion of the national highway which
connects New Delhi to Calcutta. The expanded highway, which passes through
some of India's poorest states, will facilitate trade and the movement
of people and goods while reducing the high number of road accidents.
The Second Rajasthan
District Primary Education Project (US$74.4 million) supports expansion
of the nationwide District Primary Education Program in the state of
Rajasthan which is increasing access to quality primary education for
poor people-particularly girls. Coordinated by the Government of India,
the project builds on successful experiences in parallel programs in
other states and within Rajasthan.
http://wbln0018.worldbank.org/news/pressrelease.nsf
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