Which one of the following statements about the Global Environment Fac

Which one of the following statements about the Global Environment Facility Grant Agreement, signed by India in August 2017 with the World Bank for ‘Ecosystems Service Improvement Project’, is not correct?

The size of the project is about USD 25 million.

The duration of the project is 15 years.

The project will entirely be financed out of its GEF Trust Fund.

The Ministry of Environment, Forest and Climate Change will implement the project.

Answer is Right!

Answer is Wrong!

This question was previously asked in

UPSC CDS-2 – 2017

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Statement B is not correct. The ‘Ecosystems Service Improvement Project’ signed by India with the World Bank for GEF funding in August 2017 had a planned duration of 5 years, not 15 years. The project became effective in August 2017 and was scheduled to close in June 2022.

The ‘Ecosystems Service Improvement Project’ had a project duration of 5 years, not 15 years.

Statement A is correct; the project size was approximately USD 24.64 million, close to USD 25 million, funded by the GEF Trust Fund. Statement C is correct; the project was entirely financed out of the GEF Trust Fund, as per the project documents. Statement D is correct; the Ministry of Environment, Forest and Climate Change was the coordinating ministry, with the Forest Departments of Madhya Pradesh and Chhattisgarh as implementing agencies. The project focused on improving forest quality and land management in these two states.

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