Last Updated : Jun 25 2019 11:30AM     Screen Reader Access
News Highlights
US Secy of State Mike Pompeo to be on 3-day visit to India            Centre to provide CNG, PNG infrastructure in 406 districts            Government to launch Universal Smart Card Driving License            US President Trump signs order to impose fresh sanctions on Iran            ICC Cricket World Cup: Bangladesh beat Afghanistan by 62 runs           

Business News

Sep 21, 2018
1:56PM

World Bank approves Country Partnership Framework for India to support its transition to higher middle- income country

File Pic
World Bank Board has endorsed an ambitious five-year Country Partnership Framework (CPF) for India, which aligns with New Delhi's objectives of high, sustainable and inclusive growth.


The move is aimed at supporting India's transition to a higher middle-income country by addressing some of its key development priorities such as resource efficient and inclusive growth, job creation and building its human capital. 


The framework is expected to bring between 25 and 30 billion US Dollars in financial support from the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA). 


World Bank South Asia vice president Hartwig Schafer said with a fast-growing economy, global stature, and its unique experience of lifting the highest number of poor out of poverty in the past decades, India is well-positioned to become a high middle-income country by 2030. 


Soon after the World Bank endorsed the CPF for India, Junaid Ahmad, Country Director, World Bank, India, said, the Board recognises the incredible growth and development of India over the last several decades. 


He said, it recognizes that India has gone from a low-income country status to a low-middle income. And now India is entering the economic transformation from low-middle income to high-middle income country, he said.


Live Twitter Feed

Listen News

Morning News 25 (Jun) Midday News 24 (Jun) News at Nine 24 (Jun) Hourly 25 (Jun) (1005hrs)
समाचार प्रभात 25 (Jun) दोपहर समाचार 24 (Jun) समाचार संध्या 24 (Jun) प्रति घंटा समाचार 25 (Jun) (1100hrs)
Khabarnama (Mor) 25 (Jun) Khabrein(Day) 24 (Jun) Khabrein(Eve) 24 (Jun)
Aaj Savere 25 (Jun) Parikrama 24 (Jun) Lok Ruchi Samachar 23 (Jun)

Listen Programs

Market Mantra 24 (Jun) Samayki 24 (Jun) Sports Scan 24 (Jun) Spotlight/News Analysis 24 (Jun) Samachar Darshan 23 (Jun) Radio Newsreel 24 (Jun)
    Public Speak

    Country wide 20 (Jun) Surkhiyon Mein 20 (Jun) Charcha Ka Vishai Ha 19 (Jun) Vaad-Samvaad 18 (Jun) Money Talk 18 (Jun) Current Affairs 21 (Jun)