UPSC PRELIMS 2019 : Kerala Resilient Program

Kerala Resilient Program

Topic : Kerala Resilient Program

Topic in Syllabus: Ecology & Environment

 

Context:

Kerala Resilient Program

The Union Government, Government of Kerala and the World Bank have a signed a Loan Agreement of USD 250 million for the “First Resilient Kerala Program”.

 

Key Points:

  • It aims to enhance Kerala’s resilience against the impacts of natural disasters andclimate change.
  • It is part of Union Government’s support to Kerala’s ‘Rebuild Kerala Development Programme’ aimed at building a green and resilient Kerala.
  • It is the first of two Development Policy Operations aiming to mainstream disaster and climate resilience into critical infrastructure and services.
  • State partnership is a key pillar of the Bank’s new Country Partnership Framework for India.
  • Through such partnerships, the Bank will support select States striving to bring about systemic improvements in the way development initiatives are planned and executed.

Development policy operation

 

Objectives:

It aims to support the State with:

  • Improved river basin planning and water infrastructure operations management, water supply and sanitation services
  • Resilient and sustainable agriculture, enhanced agriculture risk insurance
  • Improved resilience of the core road network
  • Unified and more up-to-date land records in high-risk areas
  • Risk-based urban planning and strengthened expenditure planning by urban local bodies
  • Strengthened fiscal and public financial management capacity of the state.

 

Development Policy Financing (DPF)

  • It is an initiative of World Bank that aims to help the borrowers to achieve sustainable poverty reduction through a program of policy and institutional actions, for example, strengthening public financial management, improving the investment climate, addressing bottlenecks to improve service delivery, and diversifying the economy.
  • This represents a shift away from short-term macroeconomic stabilization and trade liberalization reforms of the 1980s-90s towards more medium-term institutional reforms.
  • This could be a loan, grant or credit which provides rapidly-disbursing financing to help a borrower address the actual or anticipated development financing requirements and promote policy reform.

 

Sample Question:

Which one of the following groups of items is included in India’s foreign-exchange reserves? (2013)

(a) Foreign-currency assets, Special Drawing Rights (SDRs) and loans from foreign countries

(b) Foreign-currency assets, gold holdings of the RBI and SDRs

(c) Foreign-currency assets, loans from the World Bank and SDRs

(d) Foreign-currency assets, gold holdings of the RBI and loans from the World Bank

 

Solution (b)