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World Bank Provides Four Loans Worth Over $4.3 Billion to India

Joe Qian's picture

The World Bank approved four loans worth $4.345 billion dollars yesterday, which is the second largest volume of lending to a single country in a year.

The goal of the four projects is to contribute to improving India's infrastructure and help bolster the country's response to the global economic and financial crisis and lay the foundations for stronger growth in the future.

The financial package consists of:

-Banking Sector Support: $2 billion
-Support for India Infrastructure Finance Company Limited: $1.195 billion
-The Fifth Power Sector Support Project: $1 billion
-The Andhra Pradesh Rural Water Supply and Sanitation Project: $150 million

For more information and to watch an interview with India's Country Director Roberto Zagha, please check out the feature story.

Comments

Submitted by Anonymous on
INDIA WILL SURELY DEVELOP!!!!!EVEN IF NOT I WILL DEVELOP IT!!!

Submitted by Vicky on
Yeah..! India develop sure, if govement nt do anythng 4 India then, we made a new india..!

Submitted by saravanan on
india will devpt when correption is not

Submitted by subashini on
india is nice country i love my nation if its nt devolp i will try to devolpe

Submitted by Tenzin Jangchup... on
The Four Loans taken by World Bank in 2009 Worth Over $4.3 Billion Provided to India For 28 years And Financed by IBRD which are - -Banking Sector Support: $2 billion. -Support for India Infrastructure Finance Company Limited: $1.195 billion. -The Fifth Power Sector Support Project: $1 billion. -The Andhra Pradesh Rural Water Supply and Sanitation Project: $150 million. This loan has put an important stake in mind of ordinary people of India and other Developing Nations, that will the loan be utilized as set forward by the managing team or as the World bank director for India N.Roberto Zagha has resumed for its Utilization. As India seeks forward for the developmental growth in infrastructure with more rigorous and more stabilized performance manner then on its literally paper,so for betterment of India's infrastructure and its people, it looks forward for well equipped and managed plan which can come out with profitable and befitting loan taken from the World bank to India, where employment generating income growth, education betterment with poverty reduction, proper food for all and nutrition in consciousness, with better health rate with well developed sanitary and road facilities, with electricity and water in proper utility concern, taking in record the urban as well as rural enterprises whether small scale or macro level, leading to a Healthy India and Better India.

Submitted by Anonymous on
i think it's a good investment for world bank

Submitted by raghunandan on
india has taken four loans worth $4.345 billion dollars from world bank but is india is devoloping . all are saying india is devoloping but i can't see anything like india devoloping becoz all the politicions are corrupted total politics are corrupted the half of the loan goes to politicions pockets only sooo plzz.... make india devolop arrest the corruption my india is great i am proud to be say an indian betharaghu@gmail.com

Submitted by Great Govinda on
Yes, I really proud of you that you are posting a comment like this being an Indian. But, you need to know something about our country. Our country is not a poor country in resources. We have enough resources. But, we are unable to use that so. I don't want to motivate you but this consciousness something needs to be created in your mind. We need to fight with other countries not by any weapons. It doesn't works out. We need to fight economically. I have a good project in my hand. But, being a middle class I am unable to execute this at present. But, one or another day I will definitely do it. This project is of agricultural project. You are aware that agriculture is the main occupation of our country. Don't think that I am asking you something monetary help from you. Because, so many people may think that if we are pitching something new to a stranger, definitely they are asking some money help. I am not such kind of person. My only intention is to make awareness to the people to like good life. If my project is executed all over our nation then our nation becomes the commonwealth nation. I am sure. It purely focuses on the middle class people of our country. If you are really interested to know about my project kindly contact me via email govindakrishna2001@gmail com. Once I got your email I will explain my project in detail. Regards, Govinda Krishnan.R. Bangalore, Karnataka, India.

Submitted by Great Govinda on
The world bank is ready to provide loan, but if we are having sufficient resources, why we need to borrow from others. Please sieze the deposits in Swiss Banks by bloody politicians and other rich people in India. This is more than enough to succeed economically. My only prayer towards this comment is please rescue India from this kind of bloody politicians and sieze the huge amounts from Swiss Banks and Banks from other nations like Mexico, Brazil, West African countries etc., towards the deposits by our Indian politicians and rich people.

Submitted by Amar Sharma on
I think Our judiciery has to announce umar kaid to all corrupt politician

Submitted by jayapradha.v on
Its quite fine that India gets help from world bank.but t cause i.e to make india a developed country s surely not gonna be achieved untill t ministers of mother land become honest.so kindly its better for ministers to b honest n especially contented in their salaries drawn.let t feel of pratriotism be filled in their blood to make india develope. JAI HIND!!

Submitted by Manisha on
I think the world and everybody else is providing their best to develop India except the politicians.Because how much ever they get, they ask for more and rightly as one of the person above said, "if not India, it will surely benefit the corrupt politicians in increasing their bank balance in Swiss Bank" We keep on borrowing and proudly claim that India is the single largest borrower from World bank. Common man are dieing with high interest rates andthe amout of tax they are paying to government. After CWG and 2G scam the mass should understand how corrupt people are we appointing and making our leaders. I am proud of my country because of itsx past legend,its present beauty,the simplicity of common man but ashamed of the leaders who are suppose to guide us and lead us.

Submitted by Prakhar on
Thanks a lot to World Bank for supporting us. Hope this will be utilized in the best of interest for the public.

Submitted by NATHIYA on
india is developing country but some other person only its destory the activities , especially the politican only , they think about only the money money money , we sooo much black money in other country , if its came out only , then only the india will improve , know a politican is waste for india , so we want a youngester , but no one is not come for that , because its drynage for that only and as its the senior politicans do the 420 activities for the youngester ..... so we want the youngester ........... jai hind

Submitted by sivasankari on
loveble india india will surely be a developeed contry in 2020 ,my india ,my nation, my mother.against corruption, jai hind

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