Kerala Affairs
WB, AIIB clear $250m for RKI second phase
TheWorld BankandAsian Investment Bankhave cleared $250 million as concessional funding for the second phase ofResilient Kerala Development Programme, which is part of theRebuild Kerala Initiative(RKI).
Programmes for improving the states capacity to withstand climatic changes, natural disasters and pandemics will be devised in the second phase. The World Bank cleared $250 million in 2019 for the first phase of the programme. The German Development Bank had cleared another 100 million euros for the programme too in the first phase.