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.

“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).


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