 Online edition of India's National Newspaper Saturday, Dec 13, 2008 ePaper | Mobile/PDA Version |
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NEW DELHI: The World Bank has drawn up plans to extend a total loan of $14 billion to India over the next three years to fund the implementation of infrastructure projects as also achieve the Millennium Development Goals (MDGs). In a statement, the World Bank noted that the group’s new country strategy for India envisaged a total proposed lending programme amounting to $14 billion for the three-year period for developing the country’s infrastructure projects. Boost to StatesThe World Bank’s Economic Adviser, Giovanna Prennushi, however, said: “The strategy is designed to boost support to seven low-income States, but also not to forget about the poorest people in India’s middle-income States”. In the event, the multilateral institution’s new strategy is also designed to support some ‘middle-income States’ (as per global standards). According to the Bank acting Country Director (India) Rachid Benmessaouds, all the aided development-oriented projects would be under close scrutiny.
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