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    Question

    Which of the following state of India will get the

    amount of USD 350 million from World Bank for spending towards public healthcare services and other social works?
    A Uttar Pradesh Correct Answer Incorrect Answer
    B Madhya Pradesh Correct Answer Incorrect Answer
    C Gujarat Correct Answer Incorrect Answer
    D Tamil Nadu Correct Answer Incorrect Answer
    E Karnataka Correct Answer Incorrect Answer

    Solution

    The World Bank has approved a USD 350 million ( over Rs 2,832 crore ) loan to Gujarat for spending towards public healthcare services, focussed specially on adolescent girls and disease surveillance . The funding will come from World Bank arm International Bank of Reconstruction and Development ( IBRD ) , carrying a maturity of 18 years including a grace period of 5 . 5 years . World Bank Headquarters : Washington DC,US President : David Malpass The International Bank for Reconstruction and Development ( IBRD ) is a global development cooperative owned by 189 member countries . As the largest development bank in the world, it supports the World Bank Group ’ s mission by providing loans, guarantees, risk management products, and advisory services to middle - income and creditworthy low - income countries, as well as by coordinating responses to regional and global challenges .

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