India inks $250-million loan pact with World Bank for Andhra
Pradesh Disaster Recovery project. India
today signed a pact with the World Bank for USD 250-million financial
assistance for Andhra Pradesh Disaster Recovery Project which will help the state
enhance its capacity to respond promptly and effectively in times of crisis. The
agreement was signed by the Union Government, Andhra Pradesh government and the
World Bank in New Delhi. About Andhra Pradesh Disaster Recovery Project
(APDRP). This project, enhance resilience and improve public services,
livelihoods and environmental facilities in targeted communities of Andhra
Pradesh. It also seeks to increase the capacity of the state to promptly and
effectively respond to crisis or emergency. Along with its includes
approximately 3 million populations in 4 heavily impacted districts of state
viz. Srikakulam, Visakhapatnam, Vizianagaram and East Godavari. It also
includes implementation support and contingency emergency response and capacity
building and technical support for disaster risk management. Implication: With
the help of this WB fund, state can enhance its capacity to respond promptly
and effectively in times disasters and natural crisis.
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