The Minister of Finance and Trade Unions Smt. Nirmala Sitharaman and President of the World Bank Group Mr. David Malpass met in Washington D.C., today, to discuss a range of issues, including India’s continued recovery from the COVID-19 epidemic; the impact of the Russia-Ukraine conflict on the national economy and India in particular; economy and the role of the WBG; Single Borrowing Limit and Feasibility Checks Guidelines from other countries, The G20 Presidency of India and World Bank leadership in India after the CD release.
Smt. Nirmala Sitharaman said
The Minister of Finance said the response to the Indian epidemic was focused on two goals of saving lives and making a living. India has successfully run the world’s second-largest vaccine program, providing more than 1.85 billion vaccines.
She also said India was still concerned about the dangers of global stability due to growing uncertainty amid growing political tensions.
The Minister of Finance has suggested that international relations have become increasingly critical as the world faces a stage of alarming uncertainty. In view of this epidemic and recent political developments, there is a need for the World Bank to assist countries facing debt crisis. In particular, the World Bank needs to pay special attention to Sri Lanka, which is facing an unprecedented economic situation.
Smt. Sitharaman highlighted India’s guidelines for infrastructure development and looks forward to continuing the support of the World Bank to finance the National Infrastructure pipeline and the Gati Shakti program.
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