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Rajasthan Financial Management to Receive $21.7 mn Loan from World Bank
May 31, 2018
Photo credit: World Bank Photo Collection on Visualhunt.com / CC BY-NC-ND
The finance ministry said that the World Bank will disburse a loan of $21.7 million for Rajasthan’s public financial management that will be used for the project covering the revenue efficiency and improved budget execution in the state. An agreement has already been signed between the two parties.
As per the ministry’s statement, the project is pegged at $31 million. So, the World Bank is financing $21.7 million while the remaining amount will be funded by the state budget.
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