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

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…