World Bank approves $150 mn loan to support Resilient Kerala Program

The World Bank has approved a $125m (123m) additional financing to help the southern Indian state of Kerala, which has been hit by devastating floods and landslides last year. Officials have told the BBC that the project would protect nearly 5 million people from the impacts of coastal erosion and disease outbreaks in the state. But The world bank has said it will continue supporting two projects in northern India, as part of its efforts to tackle climate change, the world Bank says it has received another $150m loan to support the country s resilience to protect millions of lives from disasters across the island of Tamil Nadu, in an effort to prevent further damage to environmental resources, human settlements, property and infrastructure being built along the sea coast, and to provide satellite maps, roadmap and roadmaps to address threats to the region. The latest funding is to be announced by the United Nations, it is expected to give the government more money to fund two schemes that could help protect more than five million lives. This is the first major financial injection of money in this year, but it does not have been granted to boost the economic growth of India.

Source: newindianexpress.com
Published on 2023-06-17

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