World bank

Srishti Verma




Bharat Express News Network


Welcome to a newly emerging regional system, supported by the world's fifth-largest economy.

Banga said that India's growth has been cushioned by domestic consumption in the face of a global slowdown.

“I am more optimistic today about India as a whole, economically, than I have been for a long time,” he added.

The World Bank President referred to IMF and World Bank predictions about the world getting a little challenging for a year or so and asserted that a forecast is not destiny.

Before the World Bank and International Monetary Fund's annual meetings last year, the US joined other shareholders in calling for an evolution of the MDB system.

The World Bank’s upcoming project, the Integrated Service Provision and Innovation for Rural Economies Program, is set to receive financing next year.

More than 3,50,000 students will benefit annually from the project's assistance of 275 government-run technical institutes over the course of the next five years, the US-based multilateral institution said in a statement.

Over the next five years, the project will support around 275 government-run technical institutions in selected states across the country, benefitting more than 350,000 students each year.

Ajay Banga, an American citizen of Indian origin, assumed official leadership of the World Bank on Friday.

Banga is a co-founder of The Cyber Readiness Institute and was Vice Chair of the Economic Club of New York