International Bank for Reconstruction and Development (IBRD) Current Affairs - 2020

World Bank Group approves USD 400 million for SNGRBP

Last week the Board of Executive Directors of the World Bank Group has approved a loan of USD 400 million for the rejuvenation of the Ganga River under the NAMAMI Gange Program of the Government of India. The loan approved by the World Bank Group is for strengthening the river basin. Back in 2015, the Read More…

USD 750 Million approved under COVID-19 Emergency Response Program for MSMEs in India by World Bank Group

A USD 750 Million loan was approved for the Micro Small and Medium Enterprises (MSMEs) in India by the World Bank Group. The Approval for the loan amount was given on 30th June 2020 by the Board of Executive Directors of the World Bank Group.  As a result of the COVID-19 pandemic, the MSME sector Read More…

Indian Government signs agreement for Two Projects in Tamil Nadu with World Bank Group

On 29th June 2020, an agreement was signed between the World Bank Group and the Government of India for providing urban poor in the state of Tamil Nadu access to affordable housing. The agreement signed has two projects under it- (i) Tamil Nadu Housing Sector Strengthening Program and (ii) Tamil Nadu Housing and Habitat Development Read More…

World Bank Group Approves USD 500 Million under STARS Program

On 28th June 2020, the World Bank Group has announced that a loan of USD 500 million (approx Rs 3700 crore) was approved by its Board of Executives on 24th June 2020 for improving the quality and governance of school education system in India. The loan approved will benefit 10 million teachers and 250 million Read More…