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World Bank President Jim Yong Kim to call on PM Modi

World Bank President Jim Yong Kim to call on PM Modi
World Bank President Jim Yong Kim interacts with children during his visit to an Integrated Child Development Services (ICDS) centre in New Delhi, India, June 29, 2016. REUTERS/Adnan Abidi

New Delhi: World Bank President Dr. Jim Yong Kim, who is on a two-day visit to India, will call on Prime Minister Narendra Modi here today.

The meeting is scheduled to take place at 11 a.m.

According to reports, the World Bank President is visiting India to explore knowledge and financing opportunities, and also to understand India’s efforts in the fields of renewable energy and nutrition.

“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). (ANI)