WASHINGTON, June 17, 2015 ─ The World Bank today approved a US $250 million credit for the Andhra Pradesh Disaster Recovery Project to restore, improve and enhance the resilience of public services and livelihoods of communities affected by cyclone Hudhud in Andhra Pradesh. The project will also increase the capacity of the state to respond promptly and effectively to an emergency.
The credit is from the International Development Association (IDA) – the World Bank’s concessionary lending arm with a maturity of 25 years, including a 5 year grace period.
