Sitharaman discusses post-pandemic economic recovery and other issues with World Bank chief, Health News, ET HealthWorld

Finance Minister Nirmala Sitharaman discussed the post-pandemic economic recovery, India’s leading role in the global fight against COVID-19 and preparations for the upcoming Climate Change Conference, among other issues during of his meeting with the President of the World Bank, David Malpass. Sitharaman met with Malpass at the World Bank headquarters in Washington DC on Friday.

The two sides discussed various issues including #COVID #vaccination, #economic recovery, preparations for # CoP26, #GBM initiative to increase lending space for India, replenishment of IDA 20, the knowledge partnership with @WorldBank, ”the finance ministry said in a series of tweets.

During the meeting, Sitharaman shared the steps India is taking to contain the spread of the second wave of the COVID-19 pandemic, including India’s major role in the global COVID-19 effort, the ministry said.

She thanked the World Bank Group for its initiative to increase India’s lending space to improve the availability of development finance.

The minister also mentioned that the focus should be on technologies that need to be moved from the lab to the field and those that require targeted global research in pursuit of low-carbon growth.

She “highlighted three major suggestions including strengthening #LighthouseIndia, #technology and a particular focus on # Financial Sector Reforms and #infrastructures sector to strengthen knowledge partnership with #GBM,” said he declared.

Earlier in her address to the World Bank’s Development Committee, she said India not only faced the COVID-19 crisis with great resilience and courage, but also played a major role. and “spoken word” in the global fight against the pandemic.

She stressed that the measures taken by the government have established a solid basis for the sustained economic growth of the country.

She said the Indian government, in addition to taking economic aid measures, has also undertaken important structural reforms to turn the crisis into an opportunity and come out stronger.

The minister also discussed preparations for the next climate change conference in Glasgow.

From there, she will travel to New York for an interactive session with the business community before returning home. She started her weeklong trip from Boston.

In addition to his meetings at the International Monetary Fund and the World Bank, Sitharaman has had over 25 bilateral engagements.

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