MoU signed between India and WB for Andhra Pradesh Disaster Recovery Project

Q.  On 16th July’15 the Financing Agreement for World Bank (IDA) assistance of US$ 250 million for Andhra Pradesh Disaster Recovery Project was signed between Government of India and the ______.
- Published on 24 Jul 15

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

ANSWER: World Bank
The objective of the project is to restore, improve and enhance resilience of public services, environmental facilities, and livelihoods in targeted Communities of Andhra Pradesh, and increase the capacity of the State to respond promptly and effectively to an eligible crisis or emergency.

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