World Bank head says new entrants 'will be welcome'

The World Bank is willing to provide knowledge and assistance to newly established international financial institutions, he said, and to work alongside them to fight poverty, the biggest threat to every economy.

President Xi Jinping met Kim in the Great Hall of the People on Tuesday.

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Xi said China expects to cooperate with the World Bank on key points of China's reform and development efforts and to forge a new type of partnership.

China is deepening reforms on many fronts, Xi said. "Under the new situation, there is great potential for China's cooperation with the World Bank," he said, according to an official press release.

Kim said he appreciates China's contribution to the reform of the World Bank and poverty reduction around the world over the past few decades.

He spoke highly of China's efforts to push forward reforms and opening-up.

In an interview with China Daily on Monday, Kim said the most exciting thing for him is that every time he comes back to China, its leaders give him an assignment, saying they want to work with the World Bank to try to solve many different types of problems.

The Chinese government really is thinking deeply about issues like urbanization, Kim said. It does not just want to manage the problem but is really looking at countries and groups that may have tackled the problem in an innovative way, he said.

Li Xiaokun and Xinhua contributed to this story.

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