The World Bank usually tames wild economies and helps countries stabilise their fluctuating finances, but in a global first, the banker for the world has gone to a zoo that too in India!
This is a new addition in the portfolio of the bank as part of its ever-expanding work on urban regeneration, reports The Hindu.
A zoo is nothing but a bank of captive animals. In a novel initiative, the World Bank has embraced a zoo for its eco-development!
In Visakhapatnam, the global bank is extending an assistance of USD 20 million to help reconstruct the Indira Gandhi Zoological Park (IGZP), which got devastated during cyclone Hudhud. This is part of the USD 370 million Andhra Pradesh Disaster Recovery Project for which the bank is extending assistance of USD 250 million from 2015-2020.
The Vizag zoo is nestled in the picturesque Eastern Ghats. It sees an annual footfall of about 8 lakh people and was set up in 1972 and shot into fame because it had some aviaries designed by the legendary ornithologist Salim Ali.
Neha Vyas, senior environment specialist at the India country office of the World Bank who is actively involved in this eco-development project, asserts that this is “the very first time in the history of the World Bank that it is directly involved in a zoo“.