<h1>Finance Secretary Asks Banks and DFIs to Fix Infrastructure Financing Gaps, Study Municipal Bond Barriers in 15 Days</h1> A government finance secretary convened a meeting with senior management of public and private banks, development financial institutions and NBFC-IFCs to address financing shortfalls in the infrastructure sector. Participants discussed legal and regulatory barriers to municipal bond issuance, gaps in financing availability, capacity-building and training needs, and deficiencies in data on defaults and recoveries that affect credit risk assessment and compliance. The National Bank for Financing Infrastructure and Development was tasked to consult stakeholders and submit a report to the finance department within 15 days, which may prompt regulatory or policy recommendations.