Vastavam web: India has been growing “pretty robustly”, World Bank President Jim Yong Kim has said as he predicted a strong global growth this yearSpeaking at the Bloomberg Global Business Forum meeting here on Wednesday, Kim also called for more cooperation among the multilateral system, private sector and the governments to take advantage of the current win-win situation.He said Japan, Europe and the US along with India were growing and there was a levelling-out in developing countries
“A country like India is growing, has been growing pretty robustly. We think, Japan is growing. Europe is growing in a much more healthy way. The United States continues to grow.There is a levelling-out in developing countries,” he said, adding that the growth will be more robust this year.”It used to be that commodity importers were doing much better than commodity exporters. But that’s levelling out. So the growth is relatively more evenly distributed,” Kim said.
He said in terms of indebtedness, the bank was watching very carefully the debt-to-GDP ratios of every single country.”We think that there are tremendous opportunities for investment. But sometimes, purely based on perception, investors in sovereign wealth funds – I’ve heard them say, Africa is risky. Right, as if Africa was a single country