Topic : Kerala Resilient Program
Topic in Syllabus: Ecology & Environment
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”.
- 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.
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.
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