India has signed a loan agreement of how much amount with the World Bank for strengthening the public financial management in Rajasthan project?
Q. India has signed a loan agreement of how much amount with the World Bank for strengthening the public financial management in Rajasthan project?
Answer: 21.7 million
Notes: India has signed a loan agreement with the World Bank (WB) for USD 21.7 million for strengthening the public financial management in Rajasthan project in New Delhi on May 29, 2018. The objective of the project is to contribute to improved budget execution, enhanced accountability and greater efficiency in revenue administration in Rajasthan. It involves strengthening of the Public Financial Management Framework; strengthening of expenditure and revenue systems; and project management and capacity building among others. The project size is approximately USD 31 million, of which $21.7 million will be financed by the World Bank, and remaining amount will be funded out of the state budget. The project duration is 5 years.

 

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