World Bank Boosts India’s Private Sector

Current Context: On 18 June 2026 (announced around 22 June), the World Bank approved USD 1.5 billion financing for India’s structural reforms.

• It supports the Boosting Job Creation in the Private Sector Development Policy Financing (DPF) operation.
• The program focuses on business environment, trade, investment, and labour reforms to strengthen private sector competitiveness.
• It aims to generate jobs for youth, especially in manufacturing & services, by easing regulatory bottlenecks.
• The financing also supports ease‑of‑doing‑business measures, investment climate improvements, and labour market flexibility.
• This aligns with India’s employment generation, inclusive growth, and private sector‑led development goals.

Question:

Q.1 Which international organization approved USD 1.5 billion financing for India's structural reforms in June 2026?
a) International Monetary Fund (IMF)
b) Asian Development Bank (ADB)
c) World Bank
d) Asian Infrastructure Investment Bank (AIIB)

Answer: c) The World Bank approved USD 1.5 billion financing to support India's structural reforms aimed at promoting private sector-led growth and job creation.