IBRD | World Bank | Indian Philanthropy Forum
As India grows too rich for the World Bank, other philanthropic sources are needed
According to a presentation by Cornell University Economics Professor Ravi Kanbur, India is only a few years away from becoming ineligible to receive funds from the World Bank’s International Development Association– the bank’s fund for the poorest countries. In essence, India’s per capita income has risen above the maximum threshold to receive money from the [...]