Sunday, September 9, 2007

World Bank to deepen engagement with poor states in India

Washington, Sept. 6 (PTI): The World Bank has said it will deepen its engagement in poor states such as Orissa and Bihar in India, the country which borrowed the biggest sum of 3.75 billion dollars globally during 2006-07.

The bank said it will focus on cross-cutting reforms such as governance and fiscal management, and continue addressing deficiencies in the South Asian region's investment climate, such as weak infrastructure, red tape and corruption.

"We will also deepen our engagement in states where poverty is increasingly concentrated, such as Orissa and Bihar in India and Sindh in Pakistan," it said in a media release.

The World Bank's programme in India focuses on providing basic services such as access to clean water and education, improving infrastructure for rural areas, and employment.

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