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India and World Bank sign USD 400M loan agreement to eliminate TB

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On June 28, 2019, The World Bank and the Government of India signed a loan agreement of $400 Million for the Program Towards Elimination of Tuberculosis(TB), which kills approximately half a million people in India every year. The program will cover nine States of India.worldbankKey points:

  • The Loan Agreement was signed by Mr. Sameer Kumar Khare, Additional Secretary, Department of Economic Affairs, Ministry of Finance on behalf of the Government of India and Mr. Shanker Lal, Acting Country Director, on behalf of the World Bank.
  • It will also support the government’s National Strategic Plan to end TB in India by 2025.
  • Diagnostics and management of drug-resistant TB (DR-TB) will be improved.
  • Financial incentives provided to the private sector care providers for reporting cases of TB and ensuring that their patients complete the treatment regimen.
  • Direct Benefit Transfers (DBT) will be given to the patients for acquiring the critical nutrition needed during treatment.
  • The $ 400 Million loan from the International Bank for Reconstruction and Development (IBRD) has a 19-year maturity which includes a 5-year grace period.