Poket News

DIPAM inks agreement with World Bank

 

  • The Department of Investment and Public Asset Management signed an agreement with the World Bank on 17 Nov.
  • Under the agreement, the World Bank is to provide advisory services to DIPAM for asset monetization.
  • DIPAM is mandated with facilitating monetization of non-core assets of government CPSEs under strategic disinvestment or closure and enemy property of value of Rs. 100 crore and above.
  • DIPAM has a framework for monetizing non-core assets.