With a population of more than 1.2 billion, India is the world’s largest democracy. Over the past decade, the country’s integration into the global economy has been accompanied by economic growth. India has now emerged as a global player.
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IBRD Loan: US $248.0 million equivalentTerms: Maturity = 6 years, Grace = 4 monthsProject ID: P150520Project Description: The objectives of the project are to improve water and sanitation service levels,... Show More + reduce open defecation, and strengthen service delivery arrangements in targeted villages in Punjab. Show Less -
A water connection and a toilet for every rural household by end of the projectWASHINGTON, March 24, 2015 - The World Bank today approved a $248 million loan for the Punjab Rural Water and Sanitation Sector... Show More + Improvement Project to help the state significantly improve its delivery of water and sanitation services as well as reduce open defecation to improve the quality of life in rural Punjab.The project will aim for a water connection and a toilet for every rural households by end of the project period, which would be a first for any state in India.It will also include a minimum of 10 hours of water supply daily, a toilet for all those households without a toilet, sewerage systems in over 315 villages and supply safe water from surface water to over 121 villages that are currently drinking water contaminated with uranium and other heavy metals which are causing serious illnesses like cancer. The project will help the government’s water department to reorganize and focus on service deliv Show Less -
The Ganga is India's most important and iconic river. It flows down from its glacial source in the high Himalayas to course through five states in the northern plains before draining into the swirling... Show More + waters of the Bay of Bengal through the Sunderbans delta, the largest mangrove system in the world. Along its 2,500 km journey, the river enriches huge swathes of agricultural land and sustains a long procession of towns and cities. The sprawling Ganga basin, an area of 860,000 sq km spread across 11 states, is the world’s most populous river basin. It is home to more than 600 million Indians, close to half the country’s population; and over 40 percent of the country’s GDP is generated in this region. The basin provides more than one-third of India’s surface water, 90 percent of which is used for irrigation. Paradoxically, this fertile region is also home to some of the poorest sections of India’s population, with more than 200 million people living below the national pov Show Less -
‘Financial Inclusion and Access to Financing’Thank you very much.It is a pleasure to be here today and talk about financial inclusion.Financial inclusion is critical in the fight against poverty, yet too... Show More + many people have no access to financial tools or credit.An estimated 2.5 billion people in the world do not have access to formal financial services linked to account. This includes 80 percent of the people living on less than $2 per day. Up to 200 million small businesses globally lack the financing which they need.Financial development matters because it not only promotes growth, it is also a catalyst for ensuring that prosperity is widely shared. So the deficit in financial access can hold people back from moving out of poverty and increasing inequality.People who are “unbanked” find it difficult to save, plan for the future, start a business, or recover from crisis or loss.Access to financial services improves access to health and education - through cheaper payments or remittances Show Less -
WASHINGTON, DC, March 03, 2015 – The World Bank approved last week a $500 million loan for the MSME Growth Innovation and Inclusive Finance Project to improve access to finance for Micro, Small and Medium... Show More + Enterprises (MSMEs) working in the manufacturing and services sector from early to growth stage, including through innovative financial products.In India, MSMEs account for more than 80 percent of total industrial enterprises, produce over 8000 value-added products and employ an estimated 60 million people. It contributes around 45 per cent to manufacturing output and about 40 percent to exports, both directly and indirectly. In addition, over 50 percent of MSMEs are rural enterprises and widely distributed across low-income states making them an important sector for promoting economic growth and poverty reduction.However, lack of adequate finance is one of the biggest challenges facing the MSME sector. Financial institutions have limited their exposure to the sector due to a higher r Show Less -
Today, on World Wildlife Day, the World Bank is partnering with ICWICC to “get serious about wildlife crime.” We asked experts at World Wildlife Fund and the World Bank to explain the link between wildlife... Show More + crime and lack of economic opportunity. Some of the answers are collected below. World Bank experts Valerie Hickey and Bill Magrath also penned a blog about why poaching is not a “poverty problem.”Question 1: What is the connection between wildlife crime and lack of economic opportunity?Rob Steinmetz, Conservation Biologist, WWF Thailand -- “As a general observation, regardless of economic status or opportunities, most people actually do not poach. Around protected areas in this region, 99% of people could probably be classified as "impoverished". Yet 99% of people do not poach. If economic opportunity were the main driver of poaching, then wildlife would have been eradicated a very long time ago. The link between economic opportunity and poaching is more complex Show Less -