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WB sees enormous infra funding needs

Infrastructure Finance
August 1, 2014August 1, 2014
WB sees enormous infra funding needs
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The World Bank (WB) has committed around $18 billion of financial assistance to India over the next three years. India and the other member of the emerging economies have demand larger say in the governance of the WB. It has agreed to review the voice reforms in 2015 after the BRICS (Brazil, Russia, India, China, South Africa) nations have announced a New Development Bank (NDB) in competition with the World Bank.

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