January 15, 2011 12:59 PM

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World Bank set to fuel India’s growth agenda

World Bank President Robert Zoellick has left New Delhi after a four-day visit to India. During his stay in India, he visited Bihar and held discussions with Prime Minister Dr Manmohan Singh and other leaders on the approach to the coming G-20 summit.He also discussed the impact of global economic meltdown in European Economy and its likely impact on emerging economies like India besides sustaining high growth.During his meeting with Finance Minister Pranab Mukherjee, Zoellick agreed to direct financial and technical resources from the World Bank to key development programmes of India.After the talks the World Bank and India signed two important agreements. These pacts provide for aid to promote road infrastructure and reduce the risk of cyclones.The first agreement worth $1.5 billion supports India's expanding national rural roads programme. The second is aimed at address the impact of cyclones on the people living in coastal areas.The Bank will provide an amount of $255 million for the first phase of this programme.

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