Addressing a press conference on the last day of his three-day visit to India, Kim said the World Bank would deepen its engagement with India and help Asia’s third largest economy meet its development needs by providing financial and technical assistance.
We have an historic opportunity to accelerate the reduction of poverty in India. The World Bank Group is committed to supporting the Indian people as they pursue this crucial goal, Kim said.
He said the World Bank would work toward continuing its level of annual assistance of $3 to $5 billion to India over the next four years.
The bank will complement its enhanced financial lending with technical assistance and knowledge services to help India improve the implementation of its development programmes, he said.
During his three-day official visit, Kim met India’s top policy makers, including Prime Minister Manmohan Sigh and Finance Minister P. Chidambaram.
I leave India with a profound admiration for the remarkable development gains this country has achieved in recent decades. Indias experience holds valuable lessons for the World Bank Group and for countries around the world, he said.