The Finance Minister Mr Pranab Mukherjee today asserted that the World Bank has an increased role in recycling global savings to developing countries. Addressing a joint press conference with the World Bank Chief after extensive discussions on Global Economic Scenario and Economic Meltdown, Mr Mukherjee said that this is one of the important approaches to address Global imbalances. In reply to a question on India surpassing China next year, he said New Delhi is not in race with any country but is keen to achieve the double digit growth. He elaborated that the growth has to be inclusive with modest rate of inflation and prudent fiscal management.Mr Mukherjee said, India's quick and adequate fiscal and monetary response helped the economy to return to strong growth path and hailed the role of the World Bank to achieve the desired objective. In response to another question, he said, that the relationship between India and the World Bank has graduated and India is looking forward to greater assistance as investment worth one trillion US dollars is needed in infrastructure sector only.In his remarks, World bank President Robert B Zoellick said that India is focussed on seeking the efficient translation of its programme and policies into actionable results. He said that the bank is pleased to support India's efforts not just with finance but by offering the development experience and technical knowledge the World bank has gained. In reply to a question on high rate of inflation he said that India should begin to withdraw stimulus packages pushed into the economy and also address the bottlenecks in the Supply side to check the rising prices. After the talks the World bank and India signed two important agreements under which the bank will provide aid to promote road infrastructure and reduce the risk of cyclones. The first agreement is worth 1.5 billion US dollar. It is to support India's expanding national rural roads programme. And the second is aimed to address the impact of cyclones on the people. The Bank will provide an amount of 255 million US dollars for the first phase of this programme.Our Correspondent reports that Mr Mukherjee and Zoellick agreed to direct financial and technical resources from the World bank to key development programmes of India to achieve strong and sustainable growth.The World Bank President today also called on the Prime Minister Dr Manmohan Singh and exchanged views on the approach to the coming G-20 summits. They also discussed the impact of meltdown on the European Economies and its likely impact on emerging economies like India besides sustaining high growth.