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India and World Bank Sign US 250 Million Financing Agreement for Andhra Pradesh Disaster Recovery Project

Dated:- 16-7-2015 - The Financing Agreement for World Bank (IDA) assistance of US$ 250 million for Andhra Pradesh Disaster Recovery Project was signed between Government of India and the World Bank on July 16, 2015 at New Delhi. The Financing Agreement was signed by Mr. S. Selvakumar, Joint Secretary, Department of Economic Affairs on behalf of Government of India and Mr Onno Ruhl, Country Director (India) of World Bank on behalf of the World Bank. The Project Agreement was signed by Mr. Jagdish .....

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State to respond promptly and effectively to an eligible crisis or emergency. The project, through its different components, will provide both direct and indirect benefits to the State of Andhra Pradesh. Direct beneficiaries include populations of the coastal areas affected, specifically the four heavily impacted districts of Srikakulam, Vizianagaram, Visakhapatnam and East Godavari with a total approximate population of 13.3 million residents. Project Components: The project will have seven co .....

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