World Bank President David Malpass to visit India, Pakistan later this month

In India, David Malpass is scheduled to meet Prime Minister Narendra Modi and other top leaders and discuss India's economy.

Published: 17th October 2019 07:50 PM  |   Last Updated: 17th October 2019 10:32 PM   |  A+A-

David Malpass

World Bank President David Malpass (file | AP)


WASHINGTON: World Bank President David Malpass said on Thursday that he would travel to India and Pakistan later this month where he will discuss the challenges in the financial sector.

"In India, I hope to discuss the challenges in the financial sector, where progress can be made and help India grow even faster than it is," Malpass said at a news conference at the start of the annual meetings of the IMF and World Bank here.

ALSO READ| India halved its poverty rate since 1990s: World Bank

In India, he is scheduled to meet Prime Minister Narendra Modi and other top leaders. "India is a good example of a country that's been able to grow fast by improving the system, having more flexibility within the markets of the system, and I think there's more progress that can be made there," he said.

India is growing in a positive number, but not fast enough, he said, adding that policies can improve to help with faster growth. He refrained from giving any response to a question on the recent growth rate projections by the IMF and World Bank, saying that there's a range of opinions on this. "You know there's a range of opinions. So I don't so much have an opinion on what the growth rate is. We publish the growth rates within our Global Economic Prospects report," he said.

ALSO READ| World Bank says India faces severe slowdown, cuts GDP forecast

In Pakistan, he will meet Prime Minister Imran Khan and discuss the current economic situation in the country. "In Pakistan, we are observing substantial structural reforms and changes going on both at the national level, but also at the provincial and the city level in Pakistan. And it has challenges in terms of the agricultural system, in terms of the land system, in terms of the financial system. We're working on all of those (issues) and others in Pakistan as well," Malpass said.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp