Context:
- Recently World Bank Board has endorsed an ambitious five-year Country Partnership Framework (CPF) for India.
- It 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).
Source:AIR