Search
+

    World Bank to continue with USD 6 billion annual lending support to India

    Synopsis

    As many as 97 projects are being currently executed with loan assistance from the World Bank.

    PM Modi’s 5 trillion dollar economy goal is a powerful vision: World Bank President
    NEW DELHI: World Bank President David Malpass on Saturday said the multi-lateral funding agency will continue with USD 6 billion lending target for India.

    As many as 97 projects are being currently executed with loan assistance from the World Bank.

    "World Bank right now has 97 projects with USD 24 billion committed. So, we expect the programme to continue and to reflect the projects and reforms that were going on in India. Maybe 5-6 billion dollars (USD) per year," he told media in an interaction.

    The visiting head of the World Bank earlier in the day met Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman.

    On his meeting with the prime minister, Malpass said he had a discussion on a range of topics, including infrastructure finance, strengthening of financial sector, regional connectivity and civil services reforms.

    "We also spoke about water and skilling. I appreciate the prime minister's vision on these topics," he said.
    (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

    Also Read

    5 Comments on this Story

    Ramesh Shah331 days ago
    THE MOST IMPORTANT WORLD BANK OUR NEEDS R MORE THAN 60 BILLIONS US D ANNUALLY LENDINGS FROM THE WORLD BANK.,...
    KINDLY CONSIDER OUR POPULATION SIZE NUMBERS OF SCAMS FRAUDS N NBFCS THEN DECIDE BUT THIS AMOUNT MIGHT HELP US TO BECOME 5/7 TRILLION US D ECONOMIES FASTER......
    Sheelukkk Kumar331 days ago
    where is petrol,liqour,electric tax is going ,these taxes are excluding GST.
    aaaa bbbb331 days ago
    Modi must reject this - we are not a beggar nation - and India is the fastest growing indian economy in the world
    The Economic Times