World Bank welcomes China-led infrastructure bank

(Reuters) - World Bank Group President Jim Yong Kim on Tuesday welcomed a new multilateral infrastructure bank proposed by China, saying there was a "massive need" for new investment in this area.

World Bank chief says China to meet 7.5% growth target

China is likely to achieve its growth target of 7.5 percent this year despite planned structural reforms to rebalance the world's second largest economy, the World Bank president said Sunday.

India has $1 trillion infrastructure deficit: FM tells WB

WASHINGTON: India has a $1 trillion infrastructure deficit over the next five years, Finance Minister P Chidambaram has told the World Bank, which wants private sector participation to bridge the funding gap.