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

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of