According to the recent World Bank report, India has figured in top five emerging economies for highest investment commitments in private sector, infrastructure sectors – energy, transport and water. Clive Harris of World Bank said that the top five countries with the highest investment commitments in 2014 are Brazil, Turkey, Peru, Colombia and India. The report says these five countries together attracted 78 billion dollar. It represents 73 percent of the investment commitments in developing world in 2014.
Investment commitments in China in 2014 were 2.5 billion dollar, its lowest level since 2010. The increase in the global investment commitments total is mainly due to increasing activity Brazil, Colombia and Peru, which together accounted for 55 percent of the global total.
Brazil’s alone captured 24 per cent of global investment in 2013 and 42 per cent in 2012.
World Bank
- The World Bank is an international financial institution that provides loans to developing countries for capital programs.
- World Bank comprises two institutions – The International Bank for Reconstruction and Development(IBRD) and the International Development Association (IDA).
- The World Bank is a component of the World Bank Group, and a member of the United Nations Development Group.
- The World Bank’s official goal is the reduction of poverty.
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