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Will continue with $6 bn annual lending target for India: World Bank
Economy

Will continue with $6 bn annual lending target for India: World Bank

Agency News

New Delhi, Oct 26: The World Bank will continue with 6 billion dollars lending assistance to India, said its president David Malpass on Saturday here.

As many as 97 projects are currently being executed with loan support 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.

Earlier, he met Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman in the national capital. On his meeting with the Prime Minister, Mr 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 added. (UNI)