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World Bank hails growth rate

Photo: Subir Roy

SOME APPRECIATION: Chief Minister Mulayam Singh Yadav with World Bank Country Director Michel Carter in Lucknow on Tuesday.

Lucknow: Appreciating the increased growth rate of Uttar Pradesh, World Bank (WB) on Tuesday assured the State Government to consider providing Rs 5,000- crore financial assistance for restructuring irrigation project in the State.

In addition, the Bank would also consider offering maximum financial help for other WB schemes including medical and health sector.

This was stated by World Bank Country Director Michael Carter, who called on Chief Minister Mulayam Singh Yadav here. He also appreciated the progress in sectors of irrigation, road, land reforms and health system development project. ``The strides made in these sectors will help other follow-up projects also.''

Praising the contribution of the Bank in the development of the State, Mr Yadav hoped it would continue its cooperation according to the needs and aspirations of the State's large population.

Mr Carter assured that WB would continue its efforts for making Uttar Pradesh a prosperous State on the basis of its experiences. The Chief Minister said the State would also consider WB suggestions and recommendations seriously.

The World Bank official said projects worth Rs 10,000 crores were being implemented in U.P., of which four projects were directly financed and several others running with the help of the Union Government.

Earlier, Mr Yadav said after his Government came to power, the growth rare had increased from 0.1 per cent to 6 per cent. UNI

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