Global agencies show interest in Bihar growth

Global agencies show interest in Bihar growth
PTI
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First Published: Mon, Feb 18 2008. 12 34 PM IST
Updated: Mon, Feb 18 2008. 12 34 PM IST
Patna: Global financing agencies, including the World Bank and Asian Development Bank, have expressed keenness to invest in construction, power, health, tourism and rural development in Bihar.
Head of the World Bank (WB), Asian Development Bank (ADB), UK-based Department of International Development (DFID) and Japan Bank of International Cooperation (JBIC) had their first joint meeting in Bihar in the presence of Chief Minister Nitish Kumar here on 13 January.
At the meeting, they agreed in principle to extend full financial help to the state government in these sectors.
According to Kumar, each of the 8,712 gram panchayat in the state required Rs35-40 lakh for construction of a state secretariat-like building.
A whopping Rs3,000 crore was estimated to be spent for construction of these buildings, which would be tremor-proof and would have enough space to shelter those affected by floods.
A delegation of joint international development partners groups having representatives from World Bank, ADB, DFID and JBIC had already submitted to Kumar a concept report on the joint approach of the international development partners for the state.
“The joint approach for development evolved by the international funding agencies is a novel method to maintain coordination among agencies for granting loans and grants to states for carrying forward reforms,” Kumar said.
The approach would help check any overlapping of fund to be sanctioned by the international agencies in development sectors.
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First Published: Mon, Feb 18 2008. 12 34 PM IST