World Bank approves Country Partnership Framework (CPF) for India to support its transition to higher middle- income country

The World Bank has approved an ambitious 5-year Country Partnership Framework (CPF) for India, which aligns with New Delhi’s objectives of high, sustainable and inclusive growth. The move is aimed at supporting India’s transition from a low-middle income to a high-middle income country by addressing some of its key development priorities such as resource efficient and inclusive growth, job creation and building its human capital. The framework is expected to receive $25-30 billion in financial support from the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA).