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Article: $4.3-bn World Bank loan for India (Lead)

Article from:
The Hindustan Times
Article date:
September 23, 2009
Copyright

New Delhi, Sep. 23 -- The World Bank has approved $4.3 billion in loans for India to help finance infrastructure projects and support its economic stimulus programme.

"This money will be directed towards four projects," World Bank country director for India Roberto Zagha told reporters in a video conference Wednesday morning, adding: "This is a crucial time to support Indian economic recovery."

Emphasising on infrastructure development, Zagha said: "Today's support will help maintain credit growth and continued infrastructure investments. Supporting infrastructure is particularly important during the current crisis, not just to sustain the domestic economy at a time of reduced global ...

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