India’s Finance Minister (FM) Arun Jaitley participated in the G 20 finance Ministers and Central Bank Governors Meeting in Washington D.C. on 15th April 2016.
G20 is a premier forum for international economic cooperation.
As part of this meeting, a bilateral meeting with the World Bank Group (WBG) President Jim Yong Kim was held.
FM supported the WBG assessment of its funding and capital requirement and encouraged the President to raise annual financing volumes of the World Bank Group to $100 billion a year.
Referring to the excellent contribution made by Indians in the World Bank Group, the Finance Minister emphasized upon the need to increase the representation of Indians in the top management of the World Bank.
Further, various ongoing and possible new projects in Social Sector in India were also discussed during the meeting.
