GOI, World Bank Sign 400 Million Dollar Project

GoI, World Bank sign 400 million dollar project

Why in News?

• The Government of India and the World Bank signed a $400 million project to support India’s efforts at providing social assistance to the poor and vulnerable households, severely impacted by the COVID-19 pandemic.
• This is the second operation in a programmatic series of two. The first operation of $750 million was approved in May 2020.
• The $400 million credit is from the International Development Association (IDA) – the World Bank’s concessionary lending arm.