According to the White House, President Biden will travel to New Delhi, to attend this year’s annual meeting of the leaders of G-20 which India is hosting as the chair from September 7 to 10.
Biden’s upcoming visit will be his first to India as U.S. President; he will be hosted by India’s Prime Minister Narendra Modi.
U.S. National Security Advisor Jake Sullivan said on a news conference call, “Along with our G-20 partners, he’ll discuss a range of joint efforts to tackle global issues from the clean energy transition and combating climate change to mitigating the economic and social impacts of Russia’s war in Ukraine to increasing the capacity of the multilateral development banks including the World Bank and the IMF to better fight poverty and take on the significant transnational challenges that are afflicting countries across the world.
“The United States views these multilateral banks as offering an alternative to China’s “coercive and unsustainable lending through the Belt and Road Initiative.
“We need to ensure that there is high standard, high leverage solutions to the challenges countries are facing and a way to get the most bang for our buck is through the World Bank and the IMF, which are highly effective and transparent international financial institutions that were founded on and continue to embody U.S. leadership,” Sullivan said.
“So, President Biden has been committed to fundamentally reshaping and scaling up the World Bank to more effectively deliver both poverty reduction and inclusive economic growth, while also addressing global challenges, from climate to migration, and to the recovery from Covid-19,” he added.
The appointment of Ajay Banga as the President of World Bank was intended “precisely to make this vision a reality”, he added.
Last updated: December 26th, 2025
