On Friday, Union Finance Minister Nirmala Sitharaman met with World Bank President David Malpass in Washington and discussed several key economic issues including India’s continued recovery from the pandemic. of Covid-19 and the impact of the Russian-Ukrainian conflict, according to the news agency. ANI report. In addition, they discussed India’s upcoming G20 Presidency and World Bank leadership in India.

The finance minister said India’s response to the pandemic has focused on the twin goals of saving lives and livelihoods. India has successfully carried out the second largest vaccination program in the world, administering more than 1.85 billion doses of vaccines, she said.

“The two men discussed India’s continued recovery from COVID19, the impact of the Russian-Ukrainian conflict, the single borrower limit and exploring the possibility of guarantees from other countries in the world. G-7, India’s G20 Presidency and @WorldBank’s leadership in India,” the finance ministry tweeted.

The Minister of Finance also hinted that multilateralism has become more critical as the world goes through a phase of exceptional uncertainty. “The finance minister mentioned that India remains concerned about risks to the global recovery due to growing uncertainty amid heightened geopolitical tensions,” the finance ministry said.

She also highlighted India’s roadmap for infrastructure development. “Finance Minister [email protected] highlighted India’s roadmap for infrastructure development and looks forward to the continued support of the @WorldBank in #investment financing for the National Infrastructure Pipeline program NIP and PMGatiShakti,” the ministry said.

During the visit to the United States, Sitharaman delivered an address to the Plenary of the Development Committee of the International Monetary and Financial Committee (IMFC).

She also held a series of bilateral meetings with her counterparts, including from Indonesia, South Africa, Sri Lanka and Singapore.

Sitharaman also met with senior officials from multilateral institutions including the OECD, IMF, CoP-26 Chair; and Vice Chairman of Glasgow Financial Alliance for Net Zero.

She attended a FATF ministerial meeting and a meeting with Commerce Secretary Gina Raimondo. The finance minister also engaged the Atlantic Council’s strategic community on India’s economic recovery, reforms and initiatives.

(With agency contributions)

To subscribe to Mint Bulletins

* Enter a valid email

* Thank you for subscribing to our newsletter.