WORLD BANK OKAY FUNDS FOR NAMAMI GANGE
World Bank has approved a five –year loan to the Namami Gange project
worth rs. 3,000 crore to develop and improve infrastructure projects to abate
pollution in the river basin
Government’s Namami Gange programme has revitalised India’s efforts in
rejuvenating the Gange
World
Bank is an international financial
institution that provides loans and grants to the governments of
poorer countries for the purpose of pursuing capital projects
The
World Bank and the IMF are both based in Washington, D.C., and work closely
with each other.
The
first country to receive a World Bank loan was France
World
Bank Group is an family of five: International Bank for Reconstruction and Development (IBRD), International
Development Association (IDA), International Finance
Corporation (IFC), Multilateral
Investment Guarantee Agency (MIGA), International Centre for Settlement of Investment Disputes
(ICSID)
World
Bank was created at the 1944 Bretton Woods Conference,
along with the International Monetary Fund
(IMF)
President
of the World Bank is, traditionally, an American
In
2012, for the first time, two non-US citizens were nominated
President
of the Bank is the president of the entire World
Bank Group
President
serve for a five-year, renewable term
There
are two Executive Vice presidents, three Senior Vice presidents, and 24 Vice
presidents
Boards
of Directors consist of the World Bank Group President and 25 Executive
Directors
President
is the presiding officer, and ordinarily has no vote except a deciding vote in
case of an equal division
Countries
with most voting power are now the United States (15.85%), Japan (6.84%)
Together
with the World Health Organization,
the World Bank administers the International Health
Partnership (IHP+)
World
Bank organizes the Development Marketplace Awards
Clean
Air Initiative (CAI) is a World Bank initiative to advance innovative ways to
improve air quality in cities through partnerships in selected regions of the
world by sharing knowledge and experiences
GDLN
Asia Pacific is a separate entity to The World Bank
GDLN
Affiliates collaborate in holding events that connect people across countries
and regions for learning and dialogue on development issues.
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