Odisha reviews externally aided projects

Bhubaneshwar : The Government of Odisha today conducted a joint review of all externally aided projects with senior officials Centre and World Bank, Asian Development Bank (ADB) and the International Fund for Agricultural Development (IFAD).

The International Finance Corporation (IFC) also made a presentation on how the state can improve its business environment, and leverage the investments from the private sector and the development potential of its entrepreneurs.

Three World Bank projects, totaling a commitment of $ 404.8 million, were reviewed. These included the Odisha Community Tank Management Project ($ 75.1 million), the Odisha State Roads Project ($ 250 million), and the Odisha Rural Livelihoods Project ($ 79.6 million).

The ADB supported Odisha Integrated irrigated Agriculture and Water Management Improvement Program ($139 million)and the IFAD supported Odisha Tribal Empowerment and Livelihood program ($ 20 million) were also reviewed.

Chairing the meeting, B. K. Patnaik, Chief Secretary, Government of Odisha (GoO) said,” With preparation for the 12th plan underway, this review of the state’s externally funded projects is extremely timely. By implementing the current projects effectively and ensuring that people of Odisha receive the full benefits, we hope to attract more funds during the implementation of the new plan. Faster implementation and close monitoring will be key.”

“The joint review is aimed at understanding the implementation status of these projects, to share learning, and to find solutions for issues that might be impeding progress,” said Venu Rajamony, Joint Secretary, Department of Economic Affairs, Ministry of Finance.

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