WASHINGTON, May 14, 2020 – The World Bank Board of Executive Directors today approved financing for the following program:
Accelerating India's COVID-19 Social Protection Response Program
IBRD loan: $200 million
IDA credit: $550 million
Terms: Maturity= 18.5 years; Grace period= 5 years
Project ID: P173943
Project Description: The program will support India’s efforts at providing social assistance to the poor and vulnerable households, severely impacted by the COVID-19 pandemic.