Current Affairs

Kerala to Get Support from World Bank

Current context: Kerala received its first tranche of $250 million from World Bank under ‘Resilient Kerala Initiative’.
 Kerala to Get Support from World Bank
  • Kerala’s Chief Minister Pinarayi Vijayan asked for support from the World Bank last year for bringing changes to reduce the risk of future disasters in Kerala
  • The move was after the August flood in Kerala in August last year
  • World Bank said it has signed up Kerala as its first ‘state partner’ in India
  • The partnership of the World Bank and Kerala government is called as ‘Resilient Kerala Initiative’
  • The initiative is an instrument to provide long term investment of $500 million to Kerala
  • The World Bank is acting as a project partner as well as a development partner of Kerala government
  • The project is not only about financing but also helping the state to build its institutional capabilities

Question: 

‘Resilient Kerala Initiative’ is a partnership project between the Kerala government and ____?
a. IMF
b. World Bank
c. WTO
d. SAARC
Kerala to Get Support from World Bank Kerala to Get Support from World Bank Reviewed by Shweta Kashyap on July 17, 2019 Rating: 5

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