GoI and WB sign US$ 308.40 million agreement for National Cyclone Risk Mitigation Project-II

Q.  With which bank the Government of India signed the Financing Agreement for assistance of US$ 308.40 million for National Cyclone Risk Mitigation Project-II (NCRMP-II)?
- Published on 28 Aug 15

a. BRICS
b. ADB
c. World Bank
d. European Central Bank

ANSWER: World Bank
 
The objective of NCRMP-II is to reduce vulnerability to cyclone and other hydro-meteorological hazards of coastal communities in the States of Goa, Gujarat, Karnataka, Kerala, Maharashtra and West Bengal; and increase the capacity of the State entities to effectively plan for and respond to disasters. NCRMP-II has four components which are: (i) Early Warning Dissemination Systems; (ii) Cyclone Risk Mitigation Infrastructure; (iii) Technical Assistance for Multi-Hazard Risk Management; and (iv) Project Management and Implementation Support.

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