Consider the following statements with respect to Country Partnership Framework recently seen in new...........

Economic Affairs World Bank and IMF

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Consider the following statements with respect to Country Partnership Framework, recently seen in news:

1.It has been endorsed by the World Bank group for supporting India’s transition to a higher middle- income country.

2.It would lead to resource efficient and inclusive growth, job creation and development of human capital.

Which of the statements given above is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Correct: The Country Partnership Framework has been endorsed by the World Bank Group to support India's transition to a higher middle-income country. This framework is a part of the World Bank's strategy to align its support with a country's development goals.

Correct: The framework aims to promote resource-efficient and inclusive growth, job creation, and the development of human capital in India. This involves a focus on critical areas such as health, education, and economic development.

Therefore, both statements 1 and 2 are correct.