India signs loan agreement with World Bank for USD 70 million

Last Updated: Thu, Nov 22, 2012 10:00 hrs

India and the World Bank have signed an agreement under which the latter will provide a loan assistance of USD 70 million as additional financing for the Karnataka Health Systems Development and Reform Project.

Prabodh Saxena, Joint Secretary, Department of Economic Affairs, Ministry of Finance on behalf of the Government of India and Michael Haney, Operations Advisor, World Bank (India) on behalf of the World Bank and Dr. Vishal R., Project Administrator on behalf of the Government of Karnataka signed the agreement.

The main objective is to improve the health services delivery, public-private collaboration and financing particularly for the benefit of underserved and vulnerable groups in Karnataka.

Project Component includes the following:

(i) Strengthening of Existing Government Health Programs

(ii) Innovations in Service Delivery and Health Financing

(iii) Project Management, Monitoring and Evaluation

The additional financing of the project will be implemented till March 31,.2016. (ANI)

More from Sify: