Nirmala Sitharaman Engages with World Bank President on Crucial Topics

Union Finance Minister Nirmala Sitharaman met with World Bank President Ajay Banga during the World Bank and International Monetary Fund (IMF) Annual Meetings 2024 in Washington, DC.The discussion centered on several important issues, including the involvement of private capital in global public goods, energy security, and the reforms needed for multilateral development banks (MDBs).Sitharaman expressed her anticipation for the World Bank to advance the recommendations from the Independent Evaluation Group (IEG) regarding MDB reforms stemming from India’s G20 Presidency. The Ministry of Finance shared on social media platform X: “Today, Union Minister for Finance and Corporate Affairs Smt. @nsitharaman met Mr. Ajay Banga, President @WorldBank, at the #AnnualMeetings2024 in Washington DC. The dialogue included private capital participation in global public goods, #Energy security, and #MDBs reforms. The statement further highlighted the Finance Minister’s eagerness for the World Bank to implement the IEG’s recommendations from India’s G20 Presidency, emphasizing the need for consistent monitoring of these initiatives in the future.