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Thursday, June 30, 2016

World Bank President Jim Yong Kim meets Prime Minister Narendra Modi Thursday June 30,2016


World Bank Group President Jim Yong Kim called on Prime Minister Narendra Modi in New Delhi on Thursday June 30,2016 as part of the Bank's efforts to explore ways to support government initiatives on nutrition and renewable energy.

The Prime Minister's Office tweeted a picture of Modi with Kim

India is the largest client of the World Bank Group.  Between 2015 and 2016, the group lent around USD 4.8 billion to India.

This includes USD 2.8 billion from the International Bank for Reconstruction and Development (IBRD), USD 1 billion from the International Development Association (IDA) and a further approximately USD 1 billion in investments from the International Finance Corporation (IFC).

As of June 2016, total IBRD and IDA net commitments stood at USD 27 billion (IBRD USD 16 billion, IDA USD 11 billion) across 95 projects. At the end of May 2016, IFC's India portfolio featured 248 projects, amounting to a committed and disbursed exposure of about USD 4.4 billion

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