International Development Association Current Affairs - 2020

World Bank approved 200 million dollar loan for safe water & sanitation in Bangladesh

The World Bank (WB) has approved a 200 million dollar loan for Bangladesh in order to improve access to safe water and sanitation services in the rural areas of the country. The Bangladesh Rural Water, Sanitation and Hygiene (WASH) project will help 6 lakh people to get access to clean water through piped water schemes Read More…

USD 1.05 Billion Approved by World Bank for 3 Projects in Bangladesh

The World Bank has announced on 19th June 2020 that it had approved a USD 1.05 billion for helping the economy of Bangladesh to bounce back by creating more and better jobs. Bangladesh to date has received financial aid of more than USD 13 billion of loans from the International Development Association (IDA, a part Read More…

Indian PMO secretaries to hold key positions in WTO, World Bank

The Private secretary of Prime Minister Modi Rajeev Topno was recently appointed as the Senior Advisor to the Executive Director of World Bank. Also, a joint secretary at the Prime Minister Office (PMO) was appointed to the World Trade Organization as an ambassador Highlights Besides these officers, five other officers have been appointed abroad where Read More…

World Bank approves 1 billion USD to India

On May 15, 2020, the World Bank approved 1 billion USD aid to India to accelerate “India’s COVID-19 Special Protection Response Programme”. The fund will be used to provide social assistance to poor, severely impacted and vulnerable households. Highlights Of the 1 billion USD aid, around 550 million USD is to be credited by the Read More…

AIIB sanctions 145 million USD loan for Major Irrigation Project of West Bengal

On May 15, 2020, the Asian Infrastructure Investment Bank approves a loan of 145 million USD to improve irrigation facilities and flood management West Bengal Highlights The project is to focus on the Damodar Valley of West Bengal. It will benefit more than 2.7 million farmers spread across five districts of West Bengal. The total Read More…