The World Bank approved USD 125 million assistance for Rebuild Kerala Initiative (RKI) in meeting of directors of the Bank held in Washington.
Daily Current Affairs Quiz 2021
The loan will be under the Programme-for-Results financing scheme, which means the amount will be sanctioned for specific development projects approved by independent evaluators.
First, it will incorporate disaster risk planning in the master plans of urban and local self-governments to ease financial constraints on the state government when faced with unexpected shocks.
Second, it will help make the health, water resources management, agriculture, and road sectors more resilient to calamities.
