New Delhi, July 24 (ANI): The World Bank welcomed a $100 billion development bank founded by the BRICS nations and is ready to provide it with technical assistance, the World Bank president said after a meeting with Prime Minister, Narendra Modi. The BRICS developing nations - Brazil, Russia, India, China and South Africa - announced the bank last week, saying it would fund infrastructure projects in developing nations - a reflection of their growing importance in the world economy. The World Bank group was ready to increase its financial support to support job-oriented skills and infrastructure development in India to $15 billion to $18 billion over the next three years, Jim Yong Kim, World Bank Group President who looked inspired by Modi's economic agenda and policies, said that Modi has set-up some goals for the bank and they would make all efforts to achieve those. He also applauded Modi government's targets of ambitious growth rates.
