Magazine : 
World Bank To Provide $18 Bn Aid To India In Three Years
"From my discussions with Prime Minister Modi and minister Jaitley, it is clear that they are committed to increasing India's economic growth," he said.
"I assured them that the World Bank Group will bring to bear all possible knowledge and financing to help them in this task. A large proportion of the world's poor live in India and we will give all our support to the government as it strives to create jobs and build prosperity for its people."
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"The World Bank Group will be ready to provide financial support worth $15-18 billion over the next three years," Kim added.
India is the largest recipient of the World Bank's aid with a current portfolio of 85 projects having a commitment of $24.12 billion.
This includes $12.86 billion aid from the International Bank for Reconstruction and Development (IBRD), $11.16 billion in active projects from the International Development Association (IDA).
India also constitutes the largest single portfolio exposure of the International Finance Corporation (IFC), the private sector arm of the World Bank Group, with commitments over $4.5 billion.
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