AMARAVATI: The World Bank, which has dropped a loan proposal for Amaravati project, Sunday said it continues to support Andhra Pradesh with an over one billion USD programme that covers the health, agriculture, energy and disaster management sectors. This includes a new $328 million support to the state's health sector, signed with the Andhra Pradesh government on June 27, 2019, the bank said in a release. The World Bank's statement comes in the backdrop of its dropping a 300 million USD loan proposal for the Amaravati Sustainable Infrastructure and Institutional Development Project. "On July 15, the Government of India (GoI) withdrew its request to the World Bank for financing the proposed Amaravati Sustainable Infrastructure and Institutional Development Project. He indicated that the government might seek World Bank assistance for funding the flagship Navaratnalu programme that was aimed at improving the living standards of citizens in tune with the Sustainable Development Goals.

Source: Mint July 21, 2019 14:03 UTC