Live
- Bengal bypolls: Early trends show Trinamool victory on all 6 Assembly seats
- EC data: INDIA bloc takes edge in early leads in J'khand; JMM+ leading on 35 seats, NDA on 22
- Mushtaq Ali Trophy: Tilak Varma becomes first cricketer to register third consecutive T20 hundred
- Jharkhand polls: Hemant Soren-led alliance leads on 50 seats, NDA on 29
- Refusing to accept Maha trends, Sanjay Raut says not voters’ mandate
- TTD releases Angapradakshana tokens for February 2025 quota
- From Blueprints to Skylines: The Journey of Hyderabad’s Top Builders
- PM Modi urges Indian diaspora to participate in 'Bharat Ko Janiye' quiz
- Koraput: Four die as truck hits bike
- Odisha begins Mahtab’s 125th birth anniv celebrations
Consensus on definition of global challenges essential for MDB: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Wednesday emphasised that building a consensus on the definition of global development challenges and augmenting financial and operational capacity of World Bank Group is critical for the evolution of Multilateral Development Bank (MDB).
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday emphasised that building a consensus on the definition of global development challenges and augmenting financial and operational capacity of World Bank Group is critical for the evolution of Multilateral Development Bank (MDB).
Sitharaman, who is currently in Washington, participated in a roundtable on "Multilateral Development Bank Evolution: Building Shareholder Consensus" hosted by U.S. treasury secretary Janet Yellen at the World Bank headquarters.
The discussion focused on the impact of global development challenges like climate change, pandemics, fragility and conflict on development progress and reforms at the World Bank.
Sitharaman stated that the calls to reinvigorate the World Bank present a historic opportunity to make the institution 'fit for purpose' to achieve the SDGs alongside addressing national as well as global development challenges, both present and future.
She further said that in the true spirit of multilateralism, the MDB evolution dialogue needs to be inclusive, consensus-based and recognise in full measure, the development perspectives and priorities of client countries.
