December 07, 2025 06:18 pm (IST)
Follow us:
Arun Jaitley stresses on capital increase and need for reforms in World Bank
New Delhi, Sept 25 (IBNS): Union Finance Minister Arun Jaitley stressed on capital increase and the need for 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 on Thursday.
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, informed the Finance Minister about the World Bank Group’s agenda and strategy for achieving the twin goals of removal of global poverty and increasing shared prosperity which are broadly aligned to the Sustainable Development Goals (SDGs), 2015.
She 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.
Indrawati is 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 aforesaid 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.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
India’s UPI is going further global! 8 new countries in talks for payment revolution
Sat, Dec 06 2025
Netflix to acquire Warner Bros. for $82.7 billion — the entertainment world will never be the same
Sat, Dec 06 2025
How to Use a Savings Account Interest Calculator to Maximize Savings
Fri, Dec 05 2025
Buy 24 Karat Gold Online Easily Through the JioFinance App
Thu, Dec 04 2025