On December 12, the World Bank announced that it has increased its lending to India in 2009-2012 to US $14 billion (up from $10.7 billion in 2005-08). In the country strategy for India (CAS), $3 billion has been added to support India through the economic meltdown. But the bank feels there is urgent need for greater efficiency, transparency and vigilance for projects that it is and will be funding in the country.
World Bank's acting country director and operations advisor, India, spoke to
Excerpts:
The World Bank has voiced its concern over the poor performance of projects in sectors like infrastructure and health....
Will the Bank be reducing lending to the health sector in India?
What are the highlights of the new India strategy 2009-2012 released by the World Bank last week?
Is there any provision for supporting India through the global economic meltdown?
What is the amount that has been set aside to assist India?
