World Bank's Initiative to Develop J&K as International Tourist Destination
| Aspect | Details |
|---|---|
| News Context | The World Bank has enlisted four places in Jammu and Kashmir for development as international tourist destinations. |
| Places Identified | Bhaderwah (Doda), Bradari (Reasi), Kokernag (Anantnag), Dodapathri (Budgam). |
| World Bank's Role | To fund infrastructure projects to meet international tourism standards. |
| Planned Projects | - Development of Bhal Padri and Guldanda meadows- Upgradation of Jai Valley- Establishment of Gondola cable car services at Seoz meadows- Interest in developing the Kailash Yatra route. |
| Other Locations | Dodapathri (Budgam), Kokernag (Anantnag), Bradari (Reasi). |
| Collaboration | Project executed in collaboration with the central government. |
| Approval Process | Final approval for funding rests with the World Bank, pending assessment of potential. |
| Initiative's Goal | Boost pilgrimage tourism, handicrafts, herbal tourism, and adventure tourism. |
| World Bank Overview | Created in 1944 as the International Bank for Reconstruction and Development (IBRD). |
| Membership | 189 member countries, including India. |
| Major Reports | Ease of Doing Business (stopped publishing), Human Capital Index, World Development Report. |
| Development Institutions | IBRD, IDA, IFC, MIGA, ICSID (India is not a member of ICSID). |