World Bank Approves Massive Loan to India

The World Bank has approved a

for three projects in the Indian state of Andra Pradesh, Reuters reports. The new loan brings the World Bank total ongoing commitments to the country to USD19.38 billion.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.