Will continue $6 bn lending target for India: WB

Will continue $6 bn lending target for India: WB

World Bank President David Malpass gestures as he speaks during a press conference at the World Bank office in New Delhi. (AFP Photo)

World Bank President David Malpass on Saturday said the multi-lateral funding agency will continue with USD 6 billion lending target for India.

As many as 97 projects are being currently executed with loan assistance from the World Bank.

‌"World Bank right now has 97 projects with USD 24 billion committed. So, we expect the programme to continue and to reflect the projects and reforms that were going on in India. Maybe 5-6 billion dollars (USD) per year," he told media in an interaction.

The visiting head of the World Bank earlier in the day met Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman.

On his meeting with the prime minister, Malpass said he had a discussion on a range of topics, including infrastructure finance, strengthening of the financial sector, regional connectivity and civil services reforms.

"We also spoke about water and skilling. I appreciate the prime minister’s vision on these topics," he said.