<p>The World Bank has sanctioned Rs 1,228 crore for Kerala in addition to the Rs 1,023 crore already received from it by the state, the ruling CPI(M) said on Sunday.</p>.<p>CPI(M) state secretary M V Govindan said the development comes in the wake of Kerala Chief Minister Pinarayi Vijayan's meeting with Anna Bjerde, the Managing Director (operations) of the World Bank, during his US trip.</p>.<p>Speaking to reporters at a press conference here, Govindan said it was an important development for Kerala as it was one of the states, which faces most number of natural disasters, has to deal with a number of communicable diseases and is significantly affected by climate changes.</p>.<p>The funds would help Kerala tackle such problems effectively, he noted. After Vijayan's meeting with Bjerde, a CMO statement had said that the World Bank has assured they were ready to make investments in the state's basic infrastructure sectors.</p>.<p>During the meeting, progress of various projects, including the Rebuild Kerala initiative which is being carried out in collaboration with the World Bank, was also discussed, the statement had said.</p>
<p>The World Bank has sanctioned Rs 1,228 crore for Kerala in addition to the Rs 1,023 crore already received from it by the state, the ruling CPI(M) said on Sunday.</p>.<p>CPI(M) state secretary M V Govindan said the development comes in the wake of Kerala Chief Minister Pinarayi Vijayan's meeting with Anna Bjerde, the Managing Director (operations) of the World Bank, during his US trip.</p>.<p>Speaking to reporters at a press conference here, Govindan said it was an important development for Kerala as it was one of the states, which faces most number of natural disasters, has to deal with a number of communicable diseases and is significantly affected by climate changes.</p>.<p>The funds would help Kerala tackle such problems effectively, he noted. After Vijayan's meeting with Bjerde, a CMO statement had said that the World Bank has assured they were ready to make investments in the state's basic infrastructure sectors.</p>.<p>During the meeting, progress of various projects, including the Rebuild Kerala initiative which is being carried out in collaboration with the World Bank, was also discussed, the statement had said.</p>