World Bank may give soft loan to India
NEW DELHI: Soon
after graduating, Jim Yong Kim rushed to Washington to join protesters
demanding closure of the World Bank. That was around the time the
multilateral agency was celebrating 50 years of its existence.
As luck would have it, Kim is now the president of the same entity
which he wanted to shut down. On his first visit to India, the
Korea-born physician and anthropologist says the Bank has undergone a
huge transformation, and is trying to change lives around the globe.
"It's not your father's World Bank group," he told a news conference.
Keeping with the change, he said, helping India combat communicable
diseases and meet the challenges of urbanization are the new focus
areas. In addition, the multilateral agency, often criticized for toeing
the Western agenda, wants to work with the state governments on various
schemes, especially those aimed at reducing poverty.
As luck would have it, Kim is now the president of the same entity which he wanted to shut down. On his first visit to India, the Korea-born physician and anthropologist says the Bank has undergone a huge transformation, and is trying to change lives around the globe. "It's not your father's World Bank group," he told a news conference.
Keeping with the change, he said, helping India combat communicable diseases and meet the challenges of urbanization are the new focus areas. In addition, the multilateral agency, often criticized for toeing the Western agenda, wants to work with the state governments on various schemes, especially those aimed at reducing poverty.
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