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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