Nirmala Sitharaman, World Bank chief Ajay Banga hold meeting, discuss deepening cooperation
The things the FM and the World Bank chief discussed included a significant role of MIGA in boosting corporate and infrastructure finance. They also explored the utilisation of technology for advancing agricultural practices and tourism development, aiming at harnessing global knowledge and private capital for progress.
Nirmala Sitharaman, India's Finance Minister, met with World Bank chief Ajay Banga, to discuss deepening cooperation. According to The Economic Times, they talked about the Multilateral Investment Guarantee Agency's (MIGA) role in boosting corporate and infrastructure finance. They also explored using technology to advance agricultural practices and tourism development.
The meeting between Sitharaman and Banga appears to be part of a larger gathering, as Sitharaman also met with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), on the sidelines of the G20 Finance Ministers and Central Bank Governors Meeting in Asheville.
Sitharaman and Georgieva discussed the global economic outlook and India's growth trajectory, with Georgieva noting India's strong economic performance and track record. The discussion covered structural shifts in India and the importance of reflecting these developments in macroeconomic assessments and growth projections, as per Gulf News.
Brief written by urgent.news from The Economic Times - Economy, Gulf News — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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