Question: India Signed a Loan Agreement with the World Bank for “Assam State Public Financial Institutional Reforms Project” The agreement is for a sum of –
(a) USD 35 Million
(b) USD 30 Million
(c) USD 40 Million
(d) USD 45 Million
Answer (a)
Related Facts:
- On June 27, 2017, an agreement for IBRD Credit of USD 35 Million from World Bank for “Assam State Public Financial Institutional Reforms Project” was signed at New Delhi.
- The programme size is USD 44 million, of which USD 35 million will be financed by the Bank, and the remaining amount will be funded out of State Budget.
- The programme duration is 5 years.
- The objective of the project is to improve predictability and transparency in budget execution and efficiency in tax administration in Assam.
- The project will benefit the citizens of Assam through efficient processes, enhanced transparency and better service delivery provided by public institutions.
Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=166925