The government will get a USD 770 million loan from the World Bank for three projects in the southern state of Andhra Pradesh, the finance ministry said in a statement on Friday.
With these new loan agreements, the multilateral agency's total ongoing commitment to India has increased to USD 19.38 billion, the statement added.
In the current fiscal year to end-March 2010, the World Bank has commited fund assistance worth USD 5.5 billion to India, the statement said.
Source: ReutersCourtesy moneycontrol.com
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