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India, World Bank sign $175-m loan pact for hydrology project

India, World Bank sign $175-m loan pact for hydrology project

Wednesday, April 19, 2017, 8:05 AM

India on Wednesday signed a $175-million loan agreement with the World Bank for the National Hydrology Project. The project is expected to strengthen the capacity of institutions to assess the water situation in their regions and reduce vulnerability to recurring flood and droughts, saving hundreds of lives and livelihoods. India is faced with challenge of managing its water needs amidst recurring floods and drought.
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