International Bank for Reconstruction and Development Current Affairs, GK & News

Wildlife Conservation Bond

The world’s first wildlife bond has been issued by the World Bank, raising USD 150 million that will partly be used for the conservation of South Africa’s black rhinos. Overview: The Wildlife Conservation Bond is the world’s first-of-its-kind financial instrument that is outcome-based and will be channelling investments to conserve black rhino populations. International Bank ..

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World Bank’s USD 125 million Loan to West Bengal

An IBRD (International Bank for Reconstruction and Development) loan of USD $125 million has been offered to West Bengal by the World Bank to help poor and vulnerable groups through social protection services in the state. Overview: Over 400 programs to give care services, social assistance, and jobs through an umbrella platform called Jai Bangla ..

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World Bank ‘REWARD’ Project

The World Bank, the Government of India, the State Governments of Karnataka, and Odisha, have signed a USD 115 million deal for the Rejuvenating Watersheds for Agricultural Resilience through Innovative Development Programme to help national and state governments adopt improved watershed management practices to help farmers become more resilient to climate change, improve incomes, and ..

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India-World Bank sign Agreements to provide affordable housing

On June 29, 2020, India and World Bank signed agreements worth 250 million USD to promote private sector to develop affordable housing in Tamil Nadu. Highlights The affordable housing is to be constructed in the state of Tamil Nadu. The funds are to be provided through the International Bank for Reconstruction and Development of the ..

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International Development Association

The World Bank and IMF launched several financial initiatives to help out the IDA countries in times of the COVID-19 crisis. About IDA The IDA or International Development Association is an international financial institution that is a part of the World Bank Group. It was established in 1960 and headquartered in Washington D C. It ..

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Loan signed with World Bank for Agribusiness & Rural Transformation Project in Maharashtra

The Government of India, the state government of Maharashtra and the World Bank signed a loan agreement of USD210 million for the Agri-business and Rural Transformation Project in Maharashtra. The fund will help small and marginal farmers to increase their market access and assist them to participate in the value chains. The farmers are encouraged ..

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