Union Finance Minister Smt. Nirmala Sitharaman and World Bank Group President Mr. David Malpass, on Friday, met at Washington D.C. where the two leaders discussed India’s continued recovery from COVID19, impact of Russia-Ukraine conflict, Single Borrower Limit & exploring the possibility of Guarantees from other G-7 nations, India’s G20 Presidency and World Bank’s leadership in India.
The Finance Minister stated that India’s pandemic response has focused on the twin goals of saving lives and livelihoods. India has been successfully running the world’s 2nd largest vaccination programme, administering more than 1.85 billion doses of vaccine shots.
Sitharaman suggested that multilateralism has become more critical as the world is undergoing a phase of exceptional uncertainty. The Finance Minister mentioned that India remains concerned about the risks to global recovery due to rising uncertainty amidst enhanced geopolitical tensions.
The Finance Minister highlighted India’s roadmap for infrastructure development and looked forward to WorldBank’s continued support for financing investments for the National Infrastructure Pipeline and PM Gati Shakti programme.