World Bank Managing Director for Operations Anna Bjerde said the bank is supporting the government turning the growth into jobs and also sustainable development.
The new steps, still in discussion, come on top of initial steps approved in April that will boost World Bank lending by up to $50 billion over the next decade.
World Bank President Ajay Banga will unveil measures, including the pause on repayments and embedding catastrophe insurance into new loans in a speech in Paris on Thursday.
During meeting with Banga a day before former Mastercard CEO takes office at World Bank, Yellen ‘conveyed her strong desire for Treasury to continue close collaboration’ with him.
Banga, nominated for the post by US President Joe Biden, will take over the role on 2 June. He was the sole contender to replace departing chief David Malpass whose term ends next month.
Banga, 63, recently completed a 3-week world tour to meet govt leaders, civil society groups and others in borrowing and donor countries as he campaigned for the bank's top post.
These discussion will focus on India’s development priorities, the World Bank, & global economic development challenges, the Treasury said in a statement.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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