Which international financial organisation approved a 25–30 billion US dollar commitment plan for India for the 2019–2022 period under its country partnership framework?

Difficulty: Easy

Correct Answer: World Bank

Explanation:


Introduction / Context:
India works closely with several global financial organisations to support long term development, infrastructure, social sector spending, and reforms. The question tests knowledge of which institution announced a large 25–30 billion US dollar commitment plan for India for the period 2019–2022, a figure often cited in news about India's country partnership framework with multilateral lenders.


Given Data / Assumptions:

  • A commitment plan of about 25–30 billion US dollars was announced.
  • The time frame mentioned is 2019–2022.
  • The organisations listed are United Nations, World Bank, UNCTAD and New Development Bank.
  • The question refers to a formal multi year financing framework with India.


Concept / Approach:
The correct approach is to recall which international financial institution signs country partnership frameworks and typically announces multi billion dollar lending envelopes. The World Bank Group is known for such multi year commitments, while the United Nations and UNCTAD usually provide technical support and policy guidance rather than large scale loans. The New Development Bank does extend loans but its total planned lending envelope for India in that period was not cited in the 25–30 billion US dollar range associated with 2019–2022 country partnership news.


Step-by-Step Solution:
Step 1: Note that United Nations agencies mainly provide grants, technical cooperation and programmes, not one consolidated multi billion lending envelope for a specific three year period.Step 2: Recognise that UNCTAD is a United Nations Conference on Trade and Development which focuses on research, trade policy and capacity building, again not on large sovereign loans.Step 3: Recall that the World Bank Group signs a Country Partnership Framework (CPF) with India and often announces an indicative lending envelope for several years, typically expressed in billions of US dollars.Step 4: Specific news reports refer to the World Bank Group committing about 25–30 billion US dollars for India for 2019–2022 under its CPF, matching the amount and period in the question.Step 5: Conclude that the organisation in question is the World Bank.


Verification / Alternative check:
An alternative check is to consider what each institution is structurally designed to do. The World Bank Group's International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) lend money to member countries on a long term basis. Announcing a three or four year, multi billion dollar envelope is standard World Bank practice. United Nations and UNCTAD documents rarely mention a 25–30 billion US dollar lending commitment for an individual country, confirming that the World Bank is the correct choice.



Why Other Options Are Wrong:
United Nations: Provides development agendas and programmes, but does not usually present a consolidated 25–30 billion US dollar loan commitment for one country over a short period.
UNCTAD: Works on trade and development analysis and capacity building, not on large sovereign lending packages like a CPF envelope.
New Development Bank: Does finance projects in BRICS countries including India, but the specific 25–30 billion US dollar 2019–2022 plan is repeatedly associated with the World Bank Group, not with the New Development Bank.


Common Pitfalls:
Candidates sometimes assume that any large funding announcement must come from the New Development Bank because it is linked to BRICS, or from the United Nations because of its global visibility. Another common mistake is to confuse technical cooperation frameworks with sovereign lending envelopes. It is important to distinguish between advisory roles, grant programmes and actual multi billion dollar loan commitments that fall squarely in the World Bank Group's domain.



Final Answer:
The international organisation that approved the 25–30 billion US dollar commitment plan for India for the 2019–2022 period is the World Bank.


More Questions from World Organizations

Discussion & Comments

No comments yet. Be the first to comment!
Join Discussion