At the 107th meeting of the Development Committee during the annual meeting of the International Monetary Fund (IMF) and the World Bank, India’s Union Finance Minister Nirmala Sitharaman said that despite a projected growth rate of over 6 percent for the country's economy, India remains concerned about the global economic outlook and geopolitical challenges.
The Finance Minister also posited that the World Bank should continue to work for its vision of ‘A World Free of Poverty’ and seeks to achieve its mission of ‘ending extreme poverty’ and ‘promoting shared prosperity’ in a manner that is inclusive, resilient and sustainable.
The Finance Minister mentioned that the "Evolution of the World Bank Group – A Report to Governors” provides a historic opportunity to think collectively on the Evolution of the World Bank Group.
During her intervention, Nirmala Sitharaman suggested that the global public goods (GPG) should also be brought into the focus as the third goal.
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