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The Hindu
The Hindu
National
The Hindu Bureau

$315 million World Bank funding in the pipeline for State: World Bank VP

World Bank KERA Kerala South Asia Vice President

Additional World Bank funding for Kerala totalling $315 million, subject to negotiations and approvals, is in the pipeline, Martin Raiser, Vice President for the South Asia Region, World Bank, said here on Friday.

The proposals consist of $150 million as Programme for Results-based (PforR) additional financial assistance to the Resilient Kerala programme and $165 million for the Kerala Economic Revival Program (KERA) aimed at agricultural revival through socio-economic interventions.

Negotiations and further action on both funding proposals are subject to clearances from the Department of Economic Affairs (DEA) and the World Bank Board, Mr. Raiser said after meeting Chief Minister Pinarayi Vijayan and senior State government officials here on Friday where the activities under the Rebuild Kerala Initiative (RKI) were reviewed and ‘‘potential future working areas’‘ discussed.

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