Punjab Chief Minister Bhagwant Singh Mann on Friday solicited fulsome support and cooperation from the World Bank to further combat the major problems being confronted by the state.
In a significant development, Haryana will soon be home to a global Artificial Intelligence (AI) centre with the assistance of the World Bank (WB).
Both sides discussed issues related to private capital participation in Global Public Goods, Energy security, and Multilateral Development Banks (MDBs) reforms.
The bank is expecting Nepal's private sector to contribute more to its growth by taking advantage of the central bank's loosening of monetary policies and easing of regulatory requirements
According to the World Bank, the Indian economy continues to grow at a healthy pace and the country's medium-term outlook remains positive.
"That's a world recessions could happen under certain circumstances," Malpass said.
This praise for India's cash transfer scheme comes as the country continues to maintain its position as the fastest-growing major economy in the world.
During her visit to the US from October 11 to 16, the Finance Minister would meet US Treasury Secretary Janet Yellen and World Bank President David Malpass separately to discuss issues of mutual interest.
Citing the deteriorating global scenario, the World Bank on Thursday downgraded India's GDP forecast for the current fiscal to 6.5 per cent.
As per the data, the share of high-income countries with high inflation has also increased sharply, with about 85.7 percent experiencing severe hikes in food prices.
