The World Bank's Board of Executive Directors approved a $245 million loan to support India's efforts to modernize rail freight and logistics infrastructure.
The Khuvsgul Lake National Park, which is located in northern Mongolia near the Russian border, has been added to the World Network of Biosphere Reserves by UNESCO.
India has registered the sharpest rise among the Asian economies, with a six-place jump from 43rd to 37th rank on the index due to gains in economic performance.