With India remaining in the limelight over its reform push and rapid economic growth, World Bank’s Chief Executive Officer, Kristalina Georgieva is scheduled to visit India to take stock of the bank-funded projects and meet policymakers including Finance Minister Arun Jaitley and Reserve Bank of India Governor Urjit Patel.
Georgieva visit comes at a time when the country’s economic growth is one of the bright spots in the global economy.
“India is our biggest middle income client.” Georgieva said in a statement ahead of her visit.
“Its economic growth influences global growth. Its achievements in health and education contribute to the world achieving the Sustainable Development Goals. I am keen to learn more as India is a laboratory for the world to learn about what works in development and to find new ways to collaborate.”
Georgieva will hold discussions with Jaitley and other key policymakers. She will also meet with the Chief Minister of Maharashtra, Devendra Fadnavis, and RBI Governor, a World Bank press statement said.
Georgieva will be accompanied by Annette Dixon, World Bank Vice President for South Asia.
In Mumbai, the World Bank CEO will take stock of the operations of the World Bank-supported suburban rail system, which transports about 8 million commuters every day.
She will also visit a school serving low-income households, and children with special needs as part of the Government of India’s Sarva Shiksha Abhiyan program, which is also supported by the World Bank.
World Bank has so far lent $27 billion for 95 projects.