Sitharaman discusses post-pandemic economic recovery, other issues with World Bank chief

Nirmala Sitharaman met David Malpass at the World Bank headquarters in Washington DC on Friday

Sitharaman discusses post-pandemic economic recovery, other issues with World Bank chief

Union Finance Minister Nirmala Sitharaman. @FinMinIndia/PTI

Washington, October 16

Finance Minister Nirmala Sitharaman discussed the post-pandemic economic recovery, India’s major role in the global fight against COVID-19 and preparations for the upcoming Climate Change Conference among other issues during her meeting with World Bank President David Malpass.

Sitharaman met Malpass at the World Bank headquarters in Washington DC on Friday.

“Both sides discussed various issues including #COVID #vaccination, #economicrecovery, preparations for #CoP26, initiative of #WBG for increasing lending space for India, IDA 20 replenishment, knowledge partnership with @WorldBank,” Finance Ministry said in a series of tweets.

During the meeting, Sitharaman shared the measures being taken by India to contain the spread of the second wave of COVID-19 pandemic, including the major role played by India on the global COVID-19 effort, the ministry said.

She appreciated the World Bank Group for their initiative for increasing lending space for India to enhance availability of finance for development.

The minister also mentioned that the focus should be on technologies that need to be moved from lab to field and those that require targeted global research in the pursuit of low carbon growth.

She “highlighted three broad suggestions, including strengthening #LighthouseIndia, #technology and special focus on #FinancialSectorReforms and #infrastructure sector to strengthen the knowledge partnership with #WBG,” it said.

Earlier, in her address to the Development Committee of the World Bank, she said India has not only faced the COVID-19 crisis with great resilience and fortitude but has also played a major role and “walked the talk” on the global fight against the pandemic.

She highlighted that the measures taken by the government have set a strong foundation of the country’s sustained economic growth.

She said the Indian government, besides taking economic relief measures, has also undertaken significant structural reforms to turn the crisis into an opportunity and emerge stronger.

The minister also discussed the preparations for the upcoming Climate Change Conference in Glasgow.

From here, she will go to New York for an interactive session with the business community before flying back home. She started her week-long trip from Boston.

In addition to her meetings at the International Monetary Fund and the World Bank, Sitharaman had more than 25 bilateral engagements. PTI

Tribune Shorts


Top Stories

Army chopper crashes in Tamil Nadu; CDS Gen Rawat on board

CDS Gen Bipin Rawat, wife among 13 dead as IAF chopper crashes in Tamil Nadu

Lone survivor under treatment at Military Hospital in Wellin...

Bipin Rawat — An outstanding, forthright military commander with vision of tri-service synergy

Bipin Rawat — An outstanding, forthright military commander with vision of tri-service synergy

As India’s first Chief of Defence Staff, Gen Rawat was taske...

Chopper crash: Burning bodies in misty Western Ghats forest numb people with disbelief

Chopper crash: Burning bodies in misty Western Ghats forest numb people with disbelief

Eyewitness accounts said hearing ‘something like a boom’ and...

CDS Rawat chopper crash: Mi17V5 is advanced transport helicopter with IAF since 2012

CDS Rawat chopper crash: Mi17V5 is advanced transport helicopter with IAF since 2012

Manufactured by Russian Helicopters’ subsidiary Kazan, the h...

Cities

View All