Kim, 52, will take over at the beginning of July, after the current president, Robert B Zoellick, steps down at the end of his five-year term.
United States nominee Jim Yong Kim was on Monday chosen as the next president of the World Bank, an appointment that continues the longstanding tradition of an American leading the Washington-based institution.
'Re-electing Jim Yong Kim will allow the World Bank to continue to build on important initiatives and reforms.'
Current President Robert Zoellick, who took office in July 2007, is schedule to retire in June.
World Bank President Jim Yong Kim said on Tuesday that he sees much promise in Uttar Pradesh chief minister Akhilesh Yadav, with whom he held an hour-long meeting on Tuesday morning.
This will be Jim Young Kim's first visit to India after taking over as President of the World Bank Group last July.
"On a larger scale we've got to think about how we can integrate this technology into a massive effort to scale up access to financial services," the bank said.
Indian economy grew at 7.9 per cent in fourth quarter of 2015-16.
Jim Yong Kim, president of the International Bank for Reconstruction and Development concluded his three-day visit to India on Wednesday.
Kaushik Basu, till recently the chief economic adviser of the government of India, who created a political firestorm in April when he said here on the sidelines of the World Bank/International Monetary Fund meetings that no economic reforms were likely in India before 2014 when parliamentary elections are due, has been appointed the World Bank's Chief Economist and Senior Vice President.
World Bank President Jim Yong Kim, who is on a three-day visit to India, said a projected five per cent GDP growth in the current financial year was disappointing, but future prospects for the country were good.
The race for the top position at the Bank is really heating up.
India ranks 130th out of 189 economies on the World Bank's Doing Business report.
World Bank President Jim Young Kim and Prime Minister Modi also discussed governance structure of the bank
During that period, the World Bank Group's private sector arm, IFC, committed $1.2 billion in India.
It is projected to cross the $3 trillion mark in 2019
World Bank says India has bright prospects.
India is the largest client for the World Bank Group.
Global growth should have a large impact on the poor, says World Bank.
Prime Minister Narendra Modi was elected last year on hopes he would revive a languishing economy.
Prime Minister Narendra Modi will highlight the need to bring an end to open defecation during an event here in New York will be attended by over a dozen world leaders including UN Secretary General Ban Ki-moon.
Pausing the process for now, the bank would hold off from appointing the Chairman for the Court of Arbitration or the neutral expert -- appointments that had been expected on December 12 as earlier communicated by the bank.
German Chancellor Angel Merkel, French President Francois Hollande, Chinese Prime Minister Li Keqiang, Pakistan Prime Minister Muhammad Nawaz Sharif and Switzerland President Simonetta Sommaruga would be participating in the 45th edition of the meet.
Modi assured US investors that in the next six months, he would implement all the things necessary for ease of business in the country.
Indian economy is expected to grow at over 7.5 per cent, to overtake China.
Chinese Premier Premier Li Keqiang said world economic recovery should not be driven by mainly China, but in concert with many countries.
Investors from across the globe are keen to invest in Gujarat.
Responding to questions, the World Bank president insisted that this slowdown is temporary.
Almost every country in the world just signed on to the #ParisAgreement on climate change
India's rural employment guarantee programme MNREGA has been ranked as the world's largest public works programme, providing social security net to almost 15 per cent of the country's population, the World Bank has said.
Following another disappointing year in 2014, developing countries should see an uptick in growth this year, boosted in part by soft oil prices, a stronger US economy, continued low global interest rates, and receding domestic headwinds in several large emerging markets, it added.
China will also set up 50 joint laboratories with countries participating in the Belt and Road initiative to enhance cooperation on innovation.
In South Asia, the poverty would fall to 13.5 per cent in 2015.
Modi is keen to get more investments into Gujarat.
China is estimated to grow at 6.7 per cent in 2016.
The annual talk-fest of rich and powerful from across the world in snow-laden Alpine resort town of Davos will be attended by nearly 40 heads of government among more than 2,500 global leaders from over 100 countries.
India is on track to register its entire 1.25 billion population using its Aadhaar digital ID.
Indian govt is trying hard to get global investors to invest in the country.
A key government official involved in initiatives to make doing business in the country easier said improving the ranking to 50th in a year was not possible but the country could certainly do that over two years.
Over 2,500 international delegates from more than 150 countries are expected for the Vibrant Gujarat Summit, as against 2,100 delegates from 121 countries in 2013.
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