Announcing the appointment of Isabel Guerrero as the World Bank's new country director of India, its regional vice president for South Asia, Praful C Patel said, "An expanded portfolio will also mean wider challenges in improving implementation performance, quality of expenditure and monitoring and evaluation among others."
World Banks' lending stood at $2.9 billion during 2004-05, $1.4 billion next year, and is estimated to touch $3 billion this fiscal, he said.
World Bank is currently engaged in 63 projects worth about $12.7 billion in India. India is the largest beneficiary of World Bank's cross lending arm IBA and the fourth-largest borrower of IBRD.