World Bank to provide $3-5 billion funding to India for 4 years: Jim Yong Kim

World Bank to provide $3-5 billion funding to India for 4 years: Jim Yong Kim.

World Bank Jim Yong Kimon March 13, 2013 committed annual funding of $3-5 billion to India for next four years to push development projects and poverty eradication programmes.

“The World Bank Group would work towards continuing its level of annual assistance of $3 to $5 billion to India over the next four years,” president of multi-lateral funding agency Jim Yong Kim told reporters.

During the year ended June 2012, the World Bank Group gave loan of $3.2 billion for various projects including National Mission Clean Ganga.

Mr Kim, who was on a three-day visit to India for the first time after taking over as the president last year, said the World Bank will complement its enhanced financial lending with technical assistance and knowledge services to help India improve the implementation of its development programmes.

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