World Bank Approves $108 Million Loan to Improve Disaster Preparedness for Assam

World Bank Approves $108 Million Loan to Improve Disaster Preparedness for Assam

Daily Current Affairs   /   World Bank Approves $108 Million Loan to Improve Disaster Preparedness for Assam

Change Language English Hindi

Category : State Published on: March 30 2023

Share on facebook
  • The World Bank has approved a $108-million loan to help Assam improve disaster preparedness and enhance flood forecasting, benefitting around 6 million people in a state where flood is a perennial problem.
  • Assam had in 2022 suffered one of its worst floods that affected over 89 lakh people in 34 districts and killed 199.  Altogether 2,04,348 houses were also either severely or partially damaged.
  • The loan, approved by the World Bank’s executive board of directors is part of a larger $500-million investment programme for Assam, having a maturity of 11.5 years and a grace period of four years.
  • The Assam government has projected an increase in extreme rainfall events by 5-35 per cent and an increase in the rise of flood events by more than 25 per cent due to climate change.
Recent Post's
  • The Supreme Court condemned the Uttar Pradesh government and Prayagraj Development Authority for "inhuman and illegal" demolitions in Prayagraj, ordering ₹10 lakh compensation to affected homeowners.

    Read More....
  • In Myanmar, a 7.7-magnitude earthquake has left over 2,700 dead, with survivors facing dire shortages of food, water, and shelter amid ongoing civil strife.

    Read More....
  • India's imposition of a 100% tariff on U.S. agricultural products has prompted the White House to call for reciprocal measures before the April 2 deadline.

    Read More....
  • China's Foreign Minister expressed optimism about U.S. and Russian efforts to normalize relations, viewing them as encouraging developments.

    Read More....
  • A massive fire, presumably due to a burst gas pipe, erupted near Kuala Lumpur, Malaysia, injuring over 100 people and damaging at least 49 houses.

    Read More....
  • India's World Boxing Cup campaign began on a disappointing note as Lakshya Chahar lost in the opening bout.

    Read More....
  • Lawyers plan to boycott Justice Sharma's swearing-in ceremony and may abstain from his court sessions, urging the Chief Justice not to assign him judicial work.

    Read More....
  • Seasoned women's hockey forward Vandana Katariya announced her retirement from international play, ending a distinguished career.

    Read More....
  • The WHO classified Myanmar's earthquake as a top-level emergency, seeking $8 million for urgent medical aid and disease prevention.

    Read More....
  • Former President Donald Trump warned Iran of severe consequences, including potential bombing, if it rejects the U.S.-proposed nuclear deal.

    Read More....