India ready to take larger share in World Bank: Jaitley

India strongly supports the capital increase in the World Bank, Finance Minister Arun Jaitley has said and expressed the country’s readiness to take a larger share in the global lender than the dynamic formula.

In his meeting with World Bank President Jim Yong Kim, Jaitley acknowledged the long-standing and mutually beneficial relationship between the World Bank Group and India since its inception and called on the Bank to work together with the member countries to explore innovative financing solutions.

Jaitley arrived here from Canada to attend the annual meeting of the International Monetary Fund and the World Bank.