Speaking at the Bloomberg Global Business Forum meeting here on Wednesday, Kim also called for more cooperation among the multilateral system, private sector and the governments to take advantage of the current win-win situation.
The Indus Waters Treaty was signed in 1960 after nine years of negotiations between India and Pakistan with the help of the World Bank
"These meetings are a continuation of a discussion on how to safeguard the Treaty for the benefit of the people in both countries," a World Bank spokesperson told PTI.
The fund is likely to be a so-called cornerstone investor in ZhongAn's up to $1.5 billion IPO, added IFR, a Thomson Reuters publication. The IPO, the biggest by a financial technology company in the city, is expected to launch as early as Sept. 18.
Union Water Resources Secretary Amarjit Singh will lead the Indian delegation comprising representatives from the Ministry of External Affairs, Power, India's Indus Water Commissioner and Central Water Commission.
India's GDP growth dropped to a three-year low of 5.7 per cent during April-June as manufacturing dipped and impact of the demonetisation lingered on in the third quarter.
Of the six, 2-3 projects are being planned to come up in the megapolis, two in Pune and one in the National Capital Region (NCR), he said, adding that the company already has 40 million sq ft land bank across the country.
A grant agreement from the Global Environment Facility (GEF) of the World Bank of USD 24.64 million for the project was signed here today, a Finance Ministry statement said.
A release said that Chief Secretary Manoj Parida,Finance Secretary and Vice Chairman of the Project Implementation Agency (PIA) V Candavelou, Finance Secretary of Puducherry government and Project Director of PIA Parthiban briefed the team on implementation of various projects funded by the Bank.
The debt raising will help augment the resource base for the authority, which has a target to invest Rs 1,700 crore this fiscal on multiple projects as it goes out to develop the cheaper, safer and eco-friendly river water networks for goods movement.
"The meetings earlier this week were held in a spirit of goodwill and cooperation. The parties have agreed to continue discussions and reconvene in September in Washington, DC," the World Bank said in a statement yesterday, a day after officials of India and Pakistan concluded their two-day meeting on the issue.
Pakistan opposes the construction of the Kishanganga (330 megawatts) and Ratle (850 megawatts) hydroelectric power plants being built by India, it said in a fact sheet issued yesterday at the conclusion of secretary-level talks between the two countries over the Indus Waters Treaty (IWT).
"The parties have agreed to continue discussions and reconvene in September in Washington, DC," the World Bank said in a brief statement issued at the conclusion of the Indus Water Treaty (IWT).
Welcoming the participation of India and Pakistan in the talks to be held here tomorrow, World Bank's Vice President for South Asia region Annette Dixon said, "We are pleased both parties have confirmed their participation in the meeting hosted by the World Bank in Washington, DC."
One striking conclusion from surveys covering more than 40 economies is the rift opening between what most top central banks target -- inflation -- and policy bias, prompting many economists to warn about the rising danger of policy error.
India, Asia's third largest economy, is working with the World Bank to speed up its development.
The sale, which follows a strategic review, will allow Aviva to further reallocate capital to businesses that can bring higher returns and grow its business across Asia, the insurer said.
IFC, a member of World Bank, has planned an investment of around USD 5-6 billion for the next five years in India for participating in the country's climate change programs, its Country Head (India) Jun Zhang told reporters on the sidelines of an event here.
IFC, a member of World Bank, has planned an investment of around USD 5-6 billion for the next five years in India for participating in the country's climate change programs.
A release from the agency said the project was aimed at replacing the low tension overhead power lines in the coastal areas of Ariyankuppam, Mudaliarpet and Uppalam with the underground cable.
The lender said in a statement that the 4.2-billion pounds penalty was a "heavy price" to settle US mis-selling claims, which occurred in the run-up to the notorious global financial crisis and subsequent worldwide recession.
The International Finance Corp (IFC), as the World Bank unit is called, said it had agreed to invest $15 million in the firm. The other investors include Alibaba Entrepreneurs Fund, a not-for-profit fund launched by Chinese e-commerce giant Alibaba Group, and Japan's SBI Group.
In a joint statement on the occasion of G20 Summit, heads of the three multilateral organisations said deeper trade integration and supportive domestic policies requires decisive action by the leaders of the grouping.
On Wednesday, the Centre strongly put forward India’s laurels by presenting how the country’s procedures, cost of construction and time taken to approve business deals has significantly reduced.
Drawing on the slow response to the 2013 Ebola outbreak in Africa in which thousands died, the World Bank designed the Pandemic Emergency Financing Facility (PEF), to channel surge funding to developing countries facing the risk of a pandemic.