Capital increase and voice reforms to reflect the emerging world order were the two issues that were stressed upon by the Finance Minister Arun Jaitley at a meeting with the World Bank Group Managing Director, Mulyani Indrawati.
At the meeting which took place on Thursday, Jaitley also complimented Indrawati for setting up twin global goals for removal of global poverty and increasing shared prosperity aligned to the Sustainable Development Goals.
The World Bank Managing Director also assured support for India’s development strategies through delivery of diversified programmes of financing, knowledge exchange and capacity building.
“During the meeting, both leaders discussed the issues relating to the Indian economy and key priorities of the Government. Among other things, this discussion focussed on the Prime Minister’s Six Priority Areas for World Bank Financing. The roadmap for World Bank Group’s capital increase and shareholder’s review, procurement, environment and social safeguards framework of the World Bank were also discussed,” an official statement from the Finance Ministry said.