Which one of the following statements about the Global Environment Facility Grant Agreement signed b...........

Current GK (CDS) Current Affairs

Which one of the following statements about the Global Environment Facility Grant Agreement signed by India in August 2017 with the World Bank for ‘Ecosystems Service Improvement Project’, is not correct?

The size of the project is bout USD 25 million?

The duration of the project is 15 years.

The project will entirely be financed by the World Bank out of is GEF Trust Fund.

The Ministry of Environment, Forest and Climate Change will implement the project.

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Explanation:

India has signed the Global Environment Facility Grant Agreement in August 2017 with a view to enhance forest ecosystem services and to improve the livelihood of forest dwellers. The project duration is 5 years.