Telangana seeks World Bank assistance for urban mission programme in PURE and RARE regions

HYDERABAD The Telangana Government is actively working on securing loans from multilateral agencies for financing its urban development programmes.

https://www.thehindu.com/news/national/telangana/congress-government-paying-80000-crore-per-year-for-debts-left-behind-by-kcr-revanth/article71683710.ece The government is said to be seeking the World Bank’s assistance for the Telangana Urban Transformation and Jobs Program, part of the India Municipal Finance Multi-Phase Programmatic Approach (MPA), aimed at improving municipal finance systems, strengthen governance capacity and enhance access to commercial finance.

The project envisages strengthening of the institutional and financial capacity of urban local bodies including access to market finance and improving climate resilient urban infrastructure in selected cities in the State.