2017 · Q115
Which one of the following statements about the Global Environment Facility Grant Agreement, signed by India in August 2017 with the World Bank for ‘Ecosystems Service Improvement Project’, is not correct ?
General KnowledgeCurrent Affairs
- AThe size of the project is about USD 25 million.
- BThe duration of the project is 15 years.
- CThe project will entirely be financed by the World Bank out of its GEF Trust Fund.
- DThe Ministry of Environment, Forest and Climate Change will implement the project.
Explanation
The August 2017 GEF Grant Agreement with the World Bank for the Ecosystem Services Improvement Project was indeed about USD 24.64 million, fully financed from the GEF Trust Fund, and the implementing agency was MoEFCC — so statements (a), (c) and (d) are correct. The project duration, however, was 5 years, not 15 years. Statement (b) is therefore the incorrect one.