The central government has recommended Uttarakhand’s project ‘Strengthening Public Financial Management for Improved Service Delivery’ for consideration by the World Bank, aimed at enhancing financial transparency, accountability, and service delivery.
An Uttarakhand government release said that the state would receive Rs 680 crore assistance from the World Bank under the project.
The release said that the Department of Economic Affairs (FB Division) of Finance Ministry has formally endorsed the state’s ambitious project to the World Bank India Office, New Delhi.
Under this initiative, the Uttarakhand government had proposed external financial assistance of approximately Rs 680 crore (around USD 80 million) from the World Bank to make the state’s public financial management system more