World Bank Approved $47 Million To Support the Government of India’s Mission Karmayogi

BANKING AND ECONOMY

The Board of Executive Directors of the World Bank approved a $47 million for a project to support the Government of India’s Mission Karmayogi, a national program to build civil service capacity.

The financial support will be disbursed by the World Bank’s lending arm, the International Bank for Reconstruction and Development (IBRD). The final maturity period was 11 years which includes a grace period of 4.5 years.

The financing of the bank aims to support the Government’s objectives of enhancing the functional and behavioral competencies of approximately four million civil servants. This financing project is also aligned with the World Bank’s twin goals of ending extreme poverty and building shared prosperity.

The implementation of Mission Karmayogi was launched in 2020 by the union government aims to make the country’s civil service force more future-ready and capable of meeting twenty-first-century challenges. 

There are nearly 18 million civil servants employed across India, with approximately two-thirds at the state government and local authority levels.

The Bank’s financing aims to support the Government’s objectives of enhancing the functional and behavioral competencies of approximately four million civil servants.

The program focused on problem-solving, collaboration across boundaries, strong communication and networking skills. It will focus on three components: the development and implementation of competency frameworks; the development of an integrated learning platform; and program monitoring, evaluation, and management.

 

   Important points for the exam:

  • The World Bank approved a $47 million for a project to support the Government of India’s Mission Karmayogi.
  • The fund will be disbursed by the World Bank’s lending arm, the International Bank for Reconstruction and Development (IBRD).
  • The financing of the bank aims to support the Government’s objectives of enhancing the functional and behavioral competencies of approximately four million civil servants. 
  • The implementation of Mission Karmayogi was launched in 2020 by the union government aims to make the country’s civil service force more future-ready and capable of meeting twenty-first-century challenges. 

   Facts to know:

  • The World Bank was established in 1944.
  • Headquarters of the World Bank: Washington D.C., USA.
  • President of the World Bank: Mr.David Malpass.
  • Motto of the World Bank: Working for a World Free of Poverty.
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