WB, AIIB funds for State
The Hindu
For resilient development programme under RKI
Kerala will get a $250-million concessional funding from the World Bank and the Asian Infrastructure Investment Bank (AIIB) for the resilient development programme under the Rebuild Kerala Initiative (RKI). An agreement has been reached with the agencies to make available the funds. The funds will be used for projects linked to climate change and to check natural disasters, epidemics, and build greater resilience to future shocks, Chief Minister Pinarayi Vijayan said on Friday. The WB had made available $250 million for the Phase I of the resilient development programme in 2019 and the German Development Bank KfW €170 million.
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