India is among the largest receiver of the World Bank’s assistance. Between 2009 and 2013, the World Bank Group lent around $26 billion to India, according to a statement released by the World Bank here.
In the financial year 2009-10, the World Bank Group’s assistance to India increased to $11 billion in the aftermath of the global financial crisis.
The support between 2009 and 2013 includes $12 billion from the International Bank for Reconstruction and Development (IBRD); $8.3 billion from the International Development Association (IDA); and a further $5.2 billion in investments from the International Finance Corporation (IFC).
As of January 2013, total IBRD and IDA net commitments stood at $23 billion (IBRD $13 billion and IDA $9.9 billion) across 77 projects.
At the end of January 2013, IFCs portfolio contained 219 projects, amounting to committed and disbursed exposure of $4.1 billion, according to data released by the World Bank office here.
Kim said the focus of the future engagement of the World Bank Group in India would be improving the living standards of the people in low-income states like Uttar Pradesh and Bihar.
Achieving the World Bank Groups mission of ending global poverty will require us to step up our support for Indias poorest citizens, he said.
Indias poorest seven states are home to over 200 million people who have yet to secure access to education, healthcare and other basic services they deserve. Increasing our focus on these areas will help India build shared prosperity for all its people, Kim added.
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