Jaitley stresses on capital increase and need for voice reforms in the World Bank
Updated: Sep 25, 2015 01:45:17pm
New Delhi, Sept 25 (KNN) The Union Finance Minister Arun Jaitley stressed on capital increase and the need for voice reforms in the World Bank so as to reflect the emerging world order in its governance.
Jaitley made these observations when Mulyani Indrawati, Managing Director, World Bank Group called on him in his office here yesterday. The Finance Minister complimented the World Bank MD for setting the twin global goals of removal of global poverty and increasing shared prosperity aligned to the SDGs.
Speaking on the occasion, Indrawati assured support of the World Bank Group to partner India’s development strategies through delivery of diversified programmes of financing, knowledge exchange and capacity building.
She was on a visit to India from 22 to 24 September, 2015. This is her second visit to India in her capacity as the MD, World Bank Group.
During the meeting, both the leaders discussed the issues relating to the Indian economy and the key priorities of the Government. Among other things, this discussion focused on the Prime Minister's Six Priority Areas for World Bank financing. The roadmap and timelines for the World Bank Group’s capital increase and shareholders' review, Procurement and Environment and Social Safeguards framework of the Bank were also discussed.
During the meeting, Annette Dixon, Vice President South Asia, Subhash Garg, Executive Director (India), World Bank and Onno Ruhl, Country Director India was also present from the World Bank.
Shaktikanta Das, Secretary, Department of Economic Affairs, Dinesh Sharma, Additional Secretary (Economic Affairs) and Raj Kumar, Joint Secretary, Multilateral Institutions (MIs) were present from Department of Economic Affairs, Ministry of Finance, Government of India. (KNN Bureau)
Jaitley made these observations when Mulyani Indrawati, Managing Director, World Bank Group called on him in his office here yesterday. The Finance Minister complimented the World Bank MD for setting the twin global goals of removal of global poverty and increasing shared prosperity aligned to the SDGs.
Speaking on the occasion, Indrawati assured support of the World Bank Group to partner India’s development strategies through delivery of diversified programmes of financing, knowledge exchange and capacity building.
She was on a visit to India from 22 to 24 September, 2015. This is her second visit to India in her capacity as the MD, World Bank Group.
During the meeting, both the leaders discussed the issues relating to the Indian economy and the key priorities of the Government. Among other things, this discussion focused on the Prime Minister's Six Priority Areas for World Bank financing. The roadmap and timelines for the World Bank Group’s capital increase and shareholders' review, Procurement and Environment and Social Safeguards framework of the Bank were also discussed.
During the meeting, Annette Dixon, Vice President South Asia, Subhash Garg, Executive Director (India), World Bank and Onno Ruhl, Country Director India was also present from the World Bank.
Shaktikanta Das, Secretary, Department of Economic Affairs, Dinesh Sharma, Additional Secretary (Economic Affairs) and Raj Kumar, Joint Secretary, Multilateral Institutions (MIs) were present from Department of Economic Affairs, Ministry of Finance, Government of India. (KNN Bureau)
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