Third Andhra Pradesh Economic Reform Loan/Credit

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The third Andrah Pradesh Economic Reform Project for India aims to support the government's ongoing reform program, which has expanded in both breadth and depth since the last operation, to: (a) improve the state's investment climate; (b) strengthen revenue, public expenditure, and financial management; (c) usher in improved governance practices and raise the quality of service delivery in the health, education, and power sectors; and (d) better target antipoverty programs through more effective monitoring and evaluation. Consistent with the objectives laid out in the Bank's India country strategy, the proposed operation is a step toward achieving the aspiration of the people of Andhra Pradesh to create a modern, prosperous, and equitable society with improved living standards for all. More specifically, the benefits from the operation include: (a) greater investment and more job opportunities due to improvement in the state's investment climate; (b) increased fiscal space for development expenditure through better public budget and financial management; and (c) improved delivery of public services through better governance and effective targeting of programs.