India signed a financing agreement for International Board of Reconstruction and Development (IBRD) loan of US $ 119 million for the “Odisha Higher Education Programme for Excellence & Equity (OHEPEE) Project” with the World Bank.
The agreement was signed by Sameer Kumar Khare, Joint Secretary, Department of Economic Affairs on behalf of Government of India and Hisham A. Abdo Kahin, Acting Country Director, World Bank (India) on behalf of the World Bank.
A Project Agreement was also signed by G.V.V. Sarma, Additional Chief Secretary, Department of Higher Education, Government of Odisha and Hisham A. Abdo Kahin, Acting Country Director, World Bank. The Objective of the project is to improve the quality of 'students’ equitable access to selected institutions and enhance governance of the higher education system in Odisha.