WASHINGTON, April 28, 2020 – The World Bank Board of Executive Directors today approved financing for the following program:
Enhancing Coastal and Ocean Resource Efficiency (ENCORE)
IBRD loan: $400 million
Terms: Maturity= 14.5 years; Grace period= 5 years
Project ID: P167804
Project Description: The program will help India enhance its coastal resources, protect coastal populations from pollution, erosion, and sea level rise, and improve livelihood opportunities for coastal communities.