World Bank to Loan India $1B to Clean Ganges

Dec 4 2009 | 9:26am ET

The World Bank will loan India $1 billion over the next five to seven years to clean up the Ganges, one of the world’s most polluted rivers.

The bank will also help India access $4 billion to end the dumping of untreated waste into the holy river, according to a joint statement issued by Indian Environment Minister Jairam Ramesh and World Bank President Rober Zoellick in Delhi.

The Ganges runs 2,510 kilometers from a glacier in the western Himalayas to Bangladesh’s Bay of Bengal.

Sewage, industrial waste and even corpses from riverbank cremations enter the river as it runs through some of India’s most populous states.

The Indian government has planned to end discharge of untreated waste into the Ganges by 2020.

 


In Depth

Q&A: Omni Macro Fund Bullish On India, Watching China

Mar 4 2015 | 3:35pm ET

Omni Macro Fund was formed in 2007 by Stephen Rosen, previously a prop trader at...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Managing Diversification And Drawdowns In The “New Normal”

Mar 5 2015 | 2:42pm ET

In 2008-2009 diversification alone failed to provide adequate risk management for...

 

Editor's Note