Bank lending to India is expected to touch $3.8 billion
in the 12 months period ending 30 June, making the country
the single largest borrower from the multilateral financial
Kumar, executive director, World Bank said, "World
Bank''s involvement with India has increased tremendously
and the $3.8 billion to be extended till 30 June is the
largest amount being extended so far."
also disclosed that out of the total $3.8 billion, $2.32
billion would comprise zero interest grants and credit
provided by the Bank''s International Development Association
(IDA). The Bank''s lending to India last year was $1.4
said half of the $3.8 billion would be deployed for development
projects in rural areas.
bank is also expected to approve 14 projects by the end
of June and would provide additional assistance for two
projects already undertaken, he said.
$929 million, or a third of the total assistance to the
country would be earmarked for the health sector to be
spent on woman and child healthcare and fighting tuberculosis
and HIV AIDS.