World Bank ready to finance other projects in Andhra Pradesh: Official

Money Control | Jul 21, 2019 at 7:58 PM
  • The World Bank has apprised the Andhra Pradesh government of its readiness to finance other projects in the state in spite of its refusal to a $300 million Amaravati project.
  • World Bank officials informed the state government officials that the loan proposal was dropped mainly due to “non-compliance of its policies,” particularly those related to settlement of affected people.
  • Against this backdrop, the $300 million loan proposal was dropped, the World Bank informed the state government.