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Centre withdraws request to World Bank for financing Amaravati project

Centre withdraws request to World Bank for financing Amaravati project

India Blooms News Service | @indiablooms | 21 Jul 2019, 09:58 pm

Amaravati, July 21 (UNI): On July 15, the Union government withdrew its request to the World Bank for financing the proposed Amaravati Sustainable Infrastructure and Institutional Development Project.

The government of Andhra Pradesh released to the media here on Sunday the World Bank’s statement in this regard. The World Bank in its statement said: “The World Bank’s Board of Executive Directors has been informed that the proposed project is no longer under preparation following the government’s decision.”

The World Bank continues to support the state of Andhra Pradesh with over $1 billion program that covers the health, agriculture, energy and disaster management sectors. This includes a new $328 million support to the state’s health sector signed with the Government of Andhra Pradesh on June 27, 2019.

The World Bank has had a long and productive partnership with the state of Andhra Pradesh. The state has pioneered some remarkable development innovations, such as the women’s self-help group movement, that other countries have learned from. The World Bank is proud to have collaborated on these programs, and to have helped carry these examples to the rest of the world.

As the new government sets its development priorities, we stand ready to provide whatever support the state and the Government of India might request, the World Bank statement said.

Centre withdraws request to World Bank for financing Amaravati project

India Blooms News Service
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