World Bank reviews 19 Indian projects worth $4.3 billion

HYDERABAD: The government and the World Bank have jointly reviewed 19 projects worth $ 4.3 billion including panchayati raj, rural water and sanitation, irrigation and water resources that are funded by the multilateral lending agency.

In a two-day review in Hyderabad, 19 of the World Bank's India portfolio of 76 projects were examined, the World Bank said in a statement today.

The government and the World Bank jointly review these projects as part of the efforts to improve on-the-ground implementation of development initiatives.

Government officials, including the Department of Economic Affairs (DEA) in the Ministry of Finance, state and project officials, and World Bank staff from Delhi and Washington participated in the exercise.

As part of the joint review, government and World Bank officials went on a field trip to see work under the Andhra Pradesh Rural Water Supply and Sanitation Project.

World Bank's $ 23 billion portfolio in India covers 76 active investment projects, it said.

During FY12, the Bank's Board approved $ 3 billion in funding for 10 new projects for India spanning a range of sectors including infrastructure, education, health and rural development, it added.