New Delhi, Dec 12 : India will get 14 billion dollars from the World Bank over the next three years to facilitate infrastructure development projects and to achieve the Millennium Development Goals.
The World Bank Group’s new Country Strategy for India, discussed by the Institution’s board, envisages a total proposed lending program of 14 billion dollars for the next three years, the World Bank said in a statement.
The bulk loan offered to India is for developing its infrastructure projects and to achieve the Millennium Development Goals.
The Reserve Bank of India is taking various measures to control further depreciation of rupee. The bank sold $20.6 billion in October as per the recently released bulletin of the bank. Rupee witnessed a record fall in October and is currently varying at 49-50.50 to a US dollar. 
Riga - Parex Banka, the Latvian bank recently nationalized by the government of the Baltic state, stepped up its attempts to balance its books Monday by issuing an appeal to bondholders to negotiate new terms for their investments.
Paris - French bank Societe Generale said Monday it had suffered only "negligible" losses in the 50-billion-dollar securities fraud allegedly engineered by a leading Wall Street broker.
Dublin - In a move aimed at restoring confidence in the banking system and encouraging lending, Ireland's government on Sunday announced a 10-billion-euro (13.4-billion-dollar) rescue plan for the country's banks amid the deepening global financial crisis.
