WASHINGTON, March 07, 2019 – The World Bank Board of Executive Directors today approved financing for the following project:
India - Uttarakhand Public Financial Management Strengthening Project
IBRD Loan: US$31.58 million
Terms: Maturity = 11 years ; Grace period = 5 years
Project ID: P166923
Project Description: The project aims to enhance accountability in public finances and increase effectiveness of revenue management systems in Uttarakhand contributing by strengthened public financial management systems. These reforms will focus on capacity building of institutions involved in management of public finances and will contribute to outcomes that will benefit the state government and citizens in Uttarakhand.