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India and the World Bank information


The Joint Secretary, Department of Economic Affairs, Ministry of Finance, Venu Rajamony, the State Project Director, Rajasthan, Mrs. Poonam and the Country Director India, World Bank

The cooperation between the World Bank and India goes back to the foundation of the International Bank of Reconstruction and Development (IBRD) in 1944. As one of 44 countries, India prepared the agenda for the Bretton Woods Conference in June 1944.[citation needed] The Indian delegation was led by Sir Jeremy Raisman, who was a finance member of the Indian government and proposed the name "International Bank for Reconstruction and Development".[1] India received its first bank loan of US$34million from the IBRD in November 1948 for railway rehabilitation.[2] Since then, India has become the country with the largest country program[3] and its lending portfolio of the World Bank group inheres of 104 operations with a total volume of $27.1 billion. Parameswaran Iyer is the present Executive Director of World Bank nominated by India.

  1. ^ Chandavarkar, Anand (2001). "Sir (Abraham) Jeremy Raisman, Finance Member, Government of India (1939-45): Portrait of an Unsung Statesman Extraordinaire". Economic and Political Weekly. 36 (28): 2641–2655. JSTOR 4410856.
  2. ^ "World Bank Document" (PDF). documents.worldbank.org. Retrieved 2018-12-05.
  3. ^ "World Bank Group to Focus on India Growth, Jobs, Human Capital". World Bank. Retrieved 2018-12-05.

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