World Bank Support to India: The World Bank has extended its hands to give great help to India. The World Bank and India on Friday signed two complementary loans of $500 million each to support the country’s public healthcare system. Know where and how such a huge amount will be used.
Improvement in public health facilities
According to the multilateral agency, this joint loan of $ 1 billion will be used for financing. The World Bank will support India’s flagship Prime Minister-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM) to improve public health facilities across the country.
These states will get benefit
According to a World Bank statement, the agreement was signed between Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, and Auguste Tano Coume, (India, World Bank). Auguste Tano Come said that Kovid-19 has spent worldwide in preparing for the epidemic and strengthening the health system. He said that preparedness to fight the pandemic is a global public good. 7 states across the country are going to get the benefit of this loan. This includes Andhra Pradesh, Kerala, Meghalaya, Odisha, Punjab, Tamil Nadu and Uttar Pradesh. Priority will be given to public healthcare in these states.
This work will cost
According to the World Bank, India has made a lot of improvement in the field of health over time. India’s life expectancy has now increased. Which was above 58 in 1990, which has come down to 69.8 in the year 2020. This is higher than the average income level of the country. Now the $500 million Public Health System Pandemic Preparedness Program (PHSPP) is supporting the government’s efforts to build India’s surveillance system for detection.
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