World Bank President Meets Modi


New Delhi: World Bank President Dr. Jim Yong Kim called on Prime Minister Narendra Modi at the latter’s 7 Race Course Road residence here on Thursday. The Prime Minister and the World Bank President exchanged pleasantries and discussed a range of issues.

Dr. Kim, who arrived here on Tuesday for a two-day visit, is in India to explore knowledge and financing opportunities, and also to understand India’s efforts in the fields of renewable energy and nutrition, said reports.

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“India is the world’s fastest growing economy and also home to 26 percent of the global extreme poor. This means that India has a great opportunity to make strong and sustained inroads to reducing poverty and to help lead the world in ending extreme poverty by 2030,” Kim had said in a statement before leaving for New Delhi on Monday.

India is the largest client of the World Bank Group. Between 2015 and 2016, the Group lent around $4.8 billion to India. This includes $2.8 billion from the International Bank for Reconstruction and Development (IBRD), $1 billion from the International Development Association (IDA) and a further approximately $1.0 billion in investments from the International Finance Corporation (IFC).