The Rebuild Kerala Development Programme Conclave: World Bank et al pledge support
At the Rebuild Kerala Development Programme conclave today, the government presented sector wise damage assessment to the creditors and investors present. There was unanimous consensus to help contribute towards the initiative.
On July 15, as part of the Rebuild Kerala Development Programme, the Kerala state government held an international conclave of development partners in Thiruvananthapuram. The conclave was convened with the purpose of consolidating funds and contributions towards the Rebuild Kerala initiative.
Attendees included International financial agencies like the World Bank, Asian Development Bank, the United Nations Development Programme, the German state-owned KFW, and the French Development Agency. Additionally, organisations like the Bill and Melinda Gates Foundation, the Tata Trust, the Asian Infrastructure Investment Bank, the New Development Bank, the Rural Infrstructure Development Fund, and HUDCO also were present.
The main idea behind their presence was to see how best to invest and mobilise funds for the building of the New Kerala promised by the LDF government subsequent to the devastating floods last year. The damage at the time was assessed to be around Rs 31,000 crore. The World Bank, in 2018, made its first instalment of financial aid by sanctioning a payment of Rs 1,726 Crore, and KFW sanctioned Rs 1,400 crore. The Kerala Government still maintains that the Rs 31000 crore estimate will be required to rebuild the state, and is falling short by Rs 27,874 crore.
As a precursor to the international meeting, on July 3, the World Bank sent its country director for India and a team of experts to re-assess the situation, the state of reconstruction efforts and the current state of development in Kerala.
At the conclave today, the government presented sector wise damage assessment to the creditors and investors present. There was unanimous consensus to help contribute towards the Rebuild Kerala Development Programme. The Vijayan government paid special attention to basic needs faced by people in each sector, how communities were directly affected, how they could be rehabilitated, and how each organisation could contribute most effectively. Rather than focussing solely on financial contributions, the government presented ways in which agencies could lend technical and logistical support in the rebuilding effort. NABARD and HUDCO were Indian agencies that led the charge in lending assistance to the Kerala government.
They also sought advice on the best way to proceed with fund mobilisation and drew on the organisations individual specialised competencies to draw up plans on sector wise rebuilding plans.
Special attention was given to fisheries and coastal development, new infrastructure rebuilding plans, and disaster forecasting and management. In a press address given by CM Pinarayi Vijayan at 6 PM this evening, he detailed to the public, the promises made by these international organisations to rebuild the state.
You can catch the press conference, which was broadcast live, here:
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