11-member World Bank delegation meets FM Nirmala Sitharaman during their visit to India; 6 key points-

New Delhi, Aug 4: In a significant development, 11 Executive Directors (EDs) of World Bank Group representing 95 countries on Thursday called on Union Finance Minister Nirmala Sitharaman in New Delhi, while on their visit to India, the Ministry of Finance said.

1.The Executive Directors of the world bank shared their key takeaways with Union Finance Minister from their visits to Mumbai, Ahmedabad and Lucknow.

2.The Executive Directors appreciated the "fast-paced development across all sectors enabled by transformational reforms and Private Sector participation in India’s ambition of becoming a Developed country by 2047".

3.The Executive Directors appreciated the success achieved by India, especially in digital technology and Startups, with focus on delivery of public goods, including water, electricity, and road infrastructure etc.

4.On other hand, the Finance Minister underlined the focus India is placing on creating opportunities for the poor by empowering communities for Equitable Growth and stated that the reforms brought in India since 2014 have enabled decentralisation of planning in India, which enabled States to set ambitious development targets and perform to their potential.

Eleven Executive Directors (EDs) of World Bank Group @WorldBank , representing 95 countries, called on Union Finance Minister Smt. @nsitharaman, in New Delhi, today, while on their visit to India.

The EDs @WorldBank shared their key takeaways with FM Smt. @nsitharaman after… pic.twitter.com/V6pxkDBu1F
— Ministry of Finance (@FinMinIndia) August 3, 2023

5.The Executive Directors appreciated the clarity of vision of the political leadership of India. They were especially appreciative of efforts like GST, Nari Shakti and FastTags that are in line with the vision of fast-paced development.

6.Union Finance Minister emphasised the leading role India is playing on Global Sovereign Debt Roundtable, MDBReforms, crypto regulations and Digital Public Infrastructure (DPI) and stated that India would be happy to share its development experience and build capacity of counties that can benefit from India’s experience.