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

Gates Foundation and OpenAI launched the $50 million ‘Horizon1000’ initiative to introduce AI-based healthcare services in 1,000 African primary health centres by 2028.
Read More....
Deepinder Goyal resigned as CEO of Eternal Ltd., and Blinkit CEO Albinder Singh Dhindsa was appointed as the new Group CEO.
Read More....
The Election Commission of India launched the ECINET digital platform at IICDEM 2026 in New Delhi.
Read More....
CDS General Anil Chauhan released the Military Quantum Mission Policy Framework to integrate quantum technologies into the Armed Forces.
Read More....
The Government of India notified emission intensity targets for 208 additional industries under the Carbon Credit Trading Scheme.
Read More....
Murali Krishna, son of legendary singer S. Janaki, passed away due to a heart attack on January 22.
Read More....
MSDE signed an MoU with the World Economic Forum to strengthen vocational education and skill development in India.
Read More....
India is celebrating 150 years of ‘Vande Mataram’ with nationwide cultural events and military band performances.
Read More....
Donald Trump filed a $5 billion lawsuit against JPMorgan Chase and its CEO over alleged debanking.
Read More....
India and Namibia agreed to expand cooperation in defence, critical minerals, health, and digital infrastructure.
Read More....