Wednesday, September 23, 2009

World Bank approves $4.3-bn loan to India

The world bank will approve $4.3 billion loan to India for four project, the projects are as follows

1) $2 billion for recapitalisation of state owned banks to enhance banks' capital, $ 1.2 billion loan to infrastructure financing company IIFCL, $ 1 billion to help address power deficiency, and $ 150 million to improve water supply in Andhara Pradesh. 

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