It expects emerging and developing economies to grow at 4.2% this year from 3.4% last year
While announcing its monetary policy review last month, the RBI acknowledged the demonetisation factor
Against the original commitment of $200 million, the bank had disbursed only $0.25m
Multilateral agency likely to tap our bond markets to raise funds
South Asia could become the fastest growing exporting region of the world
In World Bank's latest 'Doing Business' 2017 report, India's place remained unchanged from last year's original ranking of 130 among the 190 economies
With last year's ranking, however, being revised to 131, India has, effectively, improved its place by one spot for 2017
India continues to rank low at 130th position in terms of ease of doing business
India may need strong backing of US and other category 1 member countries, who have a large voting share
Countries in the Mekong region led by Myanmar are projected to expand at the fastest pace in the next three years
However, the number is higher in China and Ethiopia at 77% and 85%, respectively
South Asia remains a global growth hotspot and has proven resilient to external headwinds such as China's slowdown
The data shows that nearly 21.25% Indians live at or below the World Bank's poverty line compared to 8.3% in Pakistan.
Bangladesh will need to take a series of economic measures to become a middle-income country by 2021
Ahmad was Chief of Staff to the World Bank Group President Jim Yong Kim before being elevated to the current position
Jim Yong Kim, 56, a Korean-American medical doctor who has focused World bank on programs to reduce extreme poverty
The Obama administration put Kim's name into nomination last month
Kim, who became the 12th President of the World Bank Group on July 1, 2012 is a physician and anthropologist
Jim Yong Kim's term expires on June 30 next year
The Ministry of National Policies and Economic Affairs will be responsible for overall implementation and coordination of proposed operation