The World Bank Group and India on Friday announced a new Country Partnership Framework (CPF), envisaging USD 8-10 billion in annual financing over the next five years to help accelerate India’s next phase of growth and support its vision of becoming a developed economy. The Union Finance Minister welcomed the new Country Partnership Framework (CPF) with the World Bank Group, which is fully aligned with India’s Viksit Bharat vision. Our strategic partnership aims to help India grow even faster on its path toward Viksit Bharat by 2047,” World Bank Group President Ajay Banga said. The new strategic partnership is the result of a year-long collaboration between India and the World Bank Group to rethink how they work together, it said. India is the World Bank Group’s largest client, with IBRD commitments of USD 20 billion across 79 projects, IFC commitments of USD 16.72 billion across 174 projects, and USD 618 million in guarantees from MIGA.

Source: The Telegraph January 30, 2026 14:51 UTC