World Bank Group President Jim Yong Kim met Prime Minister Narendra Modi today as part of the Bank’s efforts to explore ways to support government initiatives on nutrition and renewable energy. Stating that he was very impressed with Modi’s reforms, he said his visit would explore how the World Bank could provide knowledge and financing to advance his government’s priorities. India is the largest client of the World Bank Group. World Bank today announced funding support of $1 billion for expansion of solar power capacity in India.
The World Bank Group signed an agreement with the International Solar Alliance (ISA), consisting of 121 countries led by India, and committed to support Indian solar energy projects. The pact, which was signed in the presence of Finance Minister Arun Jaitley, Power Minister Piyush Goyal and visiting World Bank Group President Jim Yong Kim, establishes the multilateral lending agency as the financial partner for ISA.
.webp)
.webp)
.webp)
.webp)
.webp)