World Bank sanctions $125 million loan to Kerala

As part of the states ResilientKeralaProgram, the (WB) has sanctioned 125 million USD to the state to support the states preparedness against natural disasters, Climate-change”>Climate Change impacts, disease outbreaks and pandemics.

The Resilient Kerala Program will focus on two key areas. First, it will incorporate disaster risk planning in the master plans of urban and local self-governments to ease financial constraints on the State Government when faced with unexpected shocks. Second, it will help make the Health, Resources“>Water Resources management, Agriculture-notes-for-state-psc-exams”>Agriculture and road sectors more resilient to calamities.
The program is part of a programmatic series of the bank-financed operations in the state.

The first Resilient Kerala Development Policy Operation (DPO) approved in June 2019 had undertaken several initiatives. It had helped the state draft a river basin conservation and management act, which will conserve and regulate water resources and ensure their sustainable management, allocation and utilization. It had also introduced climate-resilient agriculture, risk-informed land use and Disaster Management planning. The program laid the foundations for a five-year state PARTNERSHIP framework.

The support to key sectors under the program include sustainable fiscal and Debt Management through establishing a debt management unit in the finance department to support the states efforts to scale down its debt-to-GSDP ratio to a sustainable trajectory, providing timely and adequate assistance to vulnerable households, disaster and climate-resilient urban development, create resilient public health systems, ensure an integrated and sustainable Water Resources Management, ensure sustainable and resilient food systems and create a climate-resilient road Infrastructure.