In which ratio, the AP Disaster Recovery Project (APDRP) will be funded jointly by the World Bank and the Andhra Pradesh government?
In which ratio, the AP Disaster Recovery Project (APDRP) will be funded jointly by the World Bank and the Andhra Pradesh government?
[A]55:45
[B]60:40
[C]68:32
[D]69:31
68:32
The AP Disaster Recovery Project (APDRP) will be funded jointly by the World Bank and the Andhra Pradesh government in the ratio 68:32. As a result, the World Bank’s arms International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) will finance Rs.1,550 crore and the state government would spend Rs. 670 crore) as its share. The purpose of the project is to increase the capacity of the state units to respond promptly and effectively to an eligible crisis or emergency.