World Bank, India Ink Loan for Basic Services Improvement Scheme

The World Bank and India signed July 15 a USD200 million loan agreement designed to help improve the delivery of basic services to people living in the West Bengal state’s peri-urban and rural areas.

The loan will be used on a project that aims to strengthen the capacity of West Bengal’s Gram Panchayats, or local village governments, to deliver basic services. It is expected to benefit up to 1,000 Gram Panchayats, which will be eligible to receive annual, performance-based grants.

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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.