India Signs Financing Agreement with World Bank for US$ 48 Million for Nagaland Health Project (Download PDF)

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Financing agreement for IDA credit of US $48 million (equivalent) for the ‘Nagaland Health Project’ was signed with the World Bank by India. It is to boost the healthcare sector of Nagaland. The agreement was signed by economic affairs joint secretary Raj Kumar and World Bank secretary (India) acting country director Genevieve Connors.

India Signs Financing Agreement with World Bank

India Signs Financing Agreement with World Bank

India Signs Financing Agreement with World Bank

Objectives of the project

  • To improve health services and increase their utilization by communities in targeted locations in Nagaland.
  • The project will directly benefit about 600, 000 people.
  • It will support and complement existing systems and mechanisms involving communities under National Health Mission.
  • Closing date of the Nagaland Health Project is March 31, 2023.
  • Existing water supply piping and storage facilities will also be repaired and upgraded while rooftop water harvesting systems will be installed in targeted health facilities.
  • It is expected that around 125 health facilities will benefit from improved water and sanitation.

Note

  • IBRD - International Bank for Reconstruction and Development
  • IDA - International Development Association

About World Bank

World Bank Divided in two Institutions

World Bank Divided in Two Institutions

World Bank Divided in two Institutions

  • International financial institution providing loans to developing countries to implement capital programs.
  • It is Divided in two institutions:

    • The International Bank for Reconstruction and Development (IBRD)
    • The International Development Association (IDA)
  • Founded in July 1944.
  • Headquartered at Washington DC, United States.
  • Motto: Working for a World Free of Poverty.
  • Goal: reduction of poverty
  • IBRD has 189 member countries and IDA has 173 member countries.
  • It is one of five components of the World Bank Group - a part of the United Nations.
objectives of world bank

Objectives of World Bank

objectives of world bank

- Published/Last Modified on: March 17, 2017

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