World Bank sanctions $150 million loan
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World Bank sanctions $150 million loan to the State

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World Bank sanctions $150 million loan to the State

Loan amount to be used for going programs

Hyderabad, January 12, 2007

The World Bank has approved $150 million loan to the State Government. The ‘AP Economic Reform Credit/Loan Development Policy Lending’ loan was approved by the Executive Directors of the World Bank according to available sources. Another $75 million will be released during the next financial year.

The World Bank had been extending budget support to the State Government in the form of loan for its on going programme of fiscal, administrative and service delivery reforms. The amount will be utilized to improve the State’s investment climate, strengthen public expenditure and fiscal management practices. Improve quality of public service delivery in health, education and power sectors and help the government to target anti poverty programmes better through effective monitoring and evaluation.

Andhra Pradesh on January 12, 2007

World Bank sanctions $150 million loan to the State
Loan amount to be used for going programs

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January 12 in History

Events and happenings on 12 January History

12 January 2001
Highlights: Ministerial Meeting on Janmabhoomi Program

12 January 2002
Highlights: Roads for all villages by 2007

12 January 2003
Highlights: CM promises more funds to fight drought

12 January 2004

12 January 2005

12 January 2006
Highlights: By-election to Visakha I on February 16, 2006

12 January 2007
Highlights: World Bank sanctions $150 million loan to the State

12 January 2008
Highlights: Senior Congress leader Venkataswamy calls youth for agitation against graft

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