India Signs Financing Agreement with World Bank worth $ 100 Million

India Signs Financing Agreement with World Bank worth $ 100 Million

Question: The recent financing agreement of $100 Million with World Bank is related to the development of Health Systems of which of the following states?
(a) Uttar Pradesh
(b) Bihar
(c) Meghalaya
(d) Uttarakhand
Ans: (d)

  • On 25th March, 2017 India signed a financing agreement for IDA credit of US$ 100 (equivalent) for the “Uttarakhand Health Systems Development Project” with the World Bank.
  • The objective of the project is to improve access to and quality of health care services in all 13 districts of Uttarakhand.
  • The project will benefit the residents of hilly districts in particular. The project has two main components, (i) Innovations of engaging the private sector; and (ii) Stewardship and system improvement.
  • Out of the total project size of USD 125 million, USD 25 million will be the counterpart contribution of the State Government.
  • The planned design of the Project consists of multiple self-contained clusters of clinical services managed by operators on a PPP basis, providing services for free or at nominal charges.
  • There will be a robust monitoring mechanism fully integrated with the expanded health insurance program in the State. This will be concurrent with strengthening the state’s capacity to implement the project.
  • The closing date of Uttarakhand Health Systems Development Project is 30th September, 2023.

Reference:
http://www.worldbank.org/en/news/press-release/2017/03/23/project-signing-government-world-bank-sign-usd100-million-agreement-better-healthcare-uttarakhand