Q. In October 2021, the World Bank said its board of executive directors has approved a programme to support Tamil Nadu’s vision of making Chennai into a world-class city that is more green, livable, and resilient to climate change. What is the loan amount approved by World Bank for this programme?
(A) Rs. 1100 crore
(B) Rs. 1112 crore
(C) Rs. 3000 crore
(D) None of the above
Ans- (B)
Related facts:
- The World Bank said its board of executive directors has approved a USD 150 million (about ₹ 1,112 crore) programme to support Tamil Nadu’s vision of making Chennai into a world-class city that is more green, livable, and resilient to climate change.
- Besides, the World Bank has given its nod to a USD 40 million (around ₹ 296 crore) project which will improve the quality of health services in Meghalaya and strengthen the state’s capacity to handle health emergencies, including the COVID-19 pandemic.
- The USD 150 million ”Chennai City Partnership: Sustainable Urban Services Program” will help strengthen institutions, improve the financial health of service agencies, and drive significant improvements in the quality of four key urban services — water supply and sewerage, mobility, health, and solid waste management.
- Chennai Metropolitan Area, home to about 10.9 million people, is India’s fourth most populous metropolitan area.
Link:
https://www.ndtv.com/india-news/world-bank-nod-to-rs-1-100-crore-loan-to-transform-chennai-2560636