World Bank Approves $82 Million Loan for Controlling Zoonotic Diseases in India

World Bank Approves $82 Million Loan for Controlling Zoonotic Diseases in India

Daily Current Affairs / World Bank Approves $82 Million Loan for Controlling Zoonotic Diseases in India

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Category : International Published on: May 20 2023

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The World Bank has approved a USD 82 million loan towards the adoption of global best practices for animal health management and to prevent, detect, and respond to endemic zoonotic diseases in India.
The loan has a maturity of 11.5 years with a grace period of 4.5 years.
An infection or disease that is transmissible from animals to humans under natural conditions is called zoonotic.
Animal disease outbreaks globally continue to pose risks to public health systems and have enormous economic costs.
It will strengthen India’s One Health approach, which recognizes that people and animals are connected with their shared environment.
The $82 million loan from the International Bank for Reconstruction and Development (IBRD) uses the Program-for-Results (PforR) financing instrument that links disbursement of funds directly to the achievement of specific program results.

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