World Bank Group President meets Arun Jaitley, pledges support to India's development

World Bank Group President Jim Yong Kim, who is on a three-day visit to India, met Finance Minister Arun Jaitley and pledged his support for the country's development.

Kim arrived in India on Monday and visited Tamil Nadu as he felt the state continues to be a source of development knowledge bank for various global projects.

Reportedly, Kim visited bank-supported project sites in the state to understand the challenges of India's rural-urban transformation.

Kim said the World Bank Group had pledged financial support to India to boost the nation's development.

"We reaffirmed the importance of our relationship. India has been the largest borrower historically from the World Bank Group. I also emphasised that the twin goals of the World Bank Group, to end extreme poverty and to boost their prosperity, we will not be able to reach our goals without India being extremely successful. We pledged our support," said Kim in New Delhi.

Kim said he discussed knowledge based partnership with Jaitley as India is a home to many great innovations. He said they will inculcate India's innovations at global level and at the same time bring in various developmental projects across the world to India, to boost the nation's growth.

He is scheduled to meet Prime Minister Narendra Modi on Wednesday to review key development issues pertaining to India.