Statement by the Union Finance Minister Shri P. Chidambaram at the First Business Session of 47th Annual Meeting of Asian Development Bank at Astana https://www.taxtmi.com/news?id=12672 The statement urges capital augmentation of the regional development bank to raise sustainable lending, notes declining disbursements and weak portfolio performance, and stresses operational reforms-notably procurement reforms, greater delegation of authority, adoption of country systems, and incentives for implementation-to accelerate disbursements. It advocates a financing hierarchy favoring stable investment flows such as FDI for infrastructure-led growth and announces a national contribution to the Bank's concessional fund to support regional poverty reduction and connectivity projects. en-us Mon, 05 May 2014 09:03:05 +0530 Mon, 05 May 2014 09:04:00 +0530 TaxTMI RSS Generator Statement by the Union Finance Minister Shri P. Chidambaram at the First Business Session of 47th Annual Meeting of Asian Development Bank at Astana https://www.taxtmi.com/news?id=12672 The statement urges capital augmentation of the regional development bank to raise sustainable lending, notes declining disbursements and weak portfolio performance, and stresses operational reforms-notably procurement reforms, greater delegation of authority, adoption of country systems, and incentives for implementation-to accelerate disbursements. It advocates a financing hierarchy favoring stable investment flows such as FDI for infrastructure-led growth and announces a national contribution to the Bank's concessional fund to support regional poverty reduction and connectivity projects. News - Mon, 05 May 2014 09:03:05 +0530 https://www.taxtmi.com/news?id=12672