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.
World Bank President Jim Young Kim and Prime Minister Modi also discussed governance structure of the bank
Every single one of the BRICS countries has an enormous infr deficit that simply can't be met by a single institution, says WB President.
The star power was high at the third annual Global Citizen Festival on Central Park's Great Lawn on Saturday with headliners Jay Z and No Doubt and host Hugh Jackman. But even they were eclipsed by some of the world's most powerful leaders, including India's Prime Minister Narendra Modi, Norway's Prime Minister Erna Solberg and Queen Silvia of Sweden.
US President Trump's announcement came after the North Korean leader warned that Pyongyang may change its approach to nuclear talks if Washington persists with sanctions.
Investors believe Indian is a tough place to do business with.
'If I had not been elected President of the United States, we would right now, in my opinion, be in a major war with North Korea,' Trump said.
Here's your weekly digest of photographs that prove that it's a bizarre world out there!
These images from across the globe tell that it is a crazy world out there!
These 12 photographs show what a mad, mad world we live in!
I binged on various shows this year -- some for work, some for pleasure, few I couldn't spare time for, others I didn't have access to while some started out fabulously only to fizzle towards the end.
Some of the best photographs, clicked across the globe in January.
A pregnant Serena Williams makes the tennis superstar even more attractive to corporate sponsors, allowing her to extend her reach into maternity wear and motherhood products, sponsorship industry executives said.
The winds of change were blowing at the U.S. Open on Sunday as Brooks Koepka sailed to a four-stroke victory at Erin Hills, making it the seventh consecutive major that has crowned a first-time winner.
From the Syrian civil war to the Ukrainian crisis to the terror unleashed by the dreaded Islamic State, there was no lack of news in 2014. In this five-part series,rediff.com presents a selection of the year's most enduring moments year from around the world.
Will Priyanka start a family? Or does she have some career aces up her sleeve? Longtime Rediff.com contributor Aseem Chhabra, author of
Images from Day 5 of the Australian Open in Melbourne on Friday.
Perhaps half-way through India's demographic transition, what is the outlook for the future?
Keeping it short and so sweet at the 90th Annual Academy Awards.
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