You are here: Home » News-IANS » Business-Economy
Business Standard

World Bank to lend $21.7 mn for Rajasthan's public financial management

Topics
Business Finance

IANS  |  New Delhi 

India on Tuesday signed a $21.7 million loan agreement with the World Bank for strengthening public financial management in Rajasthan.

The project will contribute towards improving budget execution, enhancing accountability and greater efficiency in revenue administration in the state, an official statement said.

"The project size is approximately $31 million, of which $21.7 million will be financed by the World Bank, and the remaining amount will be funded-out of the state budget," it added.

The project involves strengthening the public financial management framework, and boosting expenditure and revenue systems. It will also include project management and capacity building.

The duration of the project is five years.

--IANS

vv/ksk/vm

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, May 29 2018. 14:10 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU