On Friday in Washington, DC, Union Finance Minister Nirmala Sitharaman meets with World Bank President David Malpass to discuss a variety of critical economic concerns. Including India’s long-term recovery from the COVID-19 pandemic and the impact of the Russia-Ukraine crisis.
India’s upcoming G20 chairmanship and World Bank leadership in India were discussed by Union Finance Minister Nirmala Sitharaman and World Bank President David Malpass.
They also talked about India’s prospective G20 chairmanship and the leadership of the World Bank in India.
India’s pandemic response, according to FM Sitharaman, has prioritized the protection of lives and livelihoods. According to her, India has successfully run the world’s second-largest immunization program, with over 1.85 billion vaccine doses distributed.
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India’s vision for infrastructure development,” Sitharaman said, “and we look forward to the World Bank’s sustained support for funding investments in the National Infrastructure pipeline and Gati Shakti program,” according to the finance ministry.
According to the finance minister, India is concerned about the risks to the global economy posed by rising uncertainty amid rising geopolitical tensions.
Multilateralism, according to FM Sitharaman, has grown more important as the globe has entered a period of immense uncertainty.
As a result of the epidemic and the resulting geopolitical changes. The World Bank has been encouraged to assist countries in debt distress.
She remarked that the World Bank should provide special assistance to Sri Lanka, which is confronting historic economic challenges.
