The Union Finance Minister Arun Jaitley emphasizes the need for bigger financing and implementation plans by the World Bank Group to achieve the Sustainable Development Goals (SDGs); Finance Minister also emphasizes the need for the significant increase in the capital of the World Bank Group to meet the developmental objectives and review of the Bank’s shareholding to reflect share of the developing countries in the global economy

The Union Finance Minister Arun Jaitley emphasizes the need for bigger financing and implementation plans by the World Bank Group to achieve the Sustainable Development Goals (SDGs); Finance Minister also emphasizes the need for the significant increase in the capital of the World Bank Group to meet the developmental objectives and review of the Bank’s shareholding to reflect share of the developing countries in the global economy https://www.taxtmi.com/news?id=15074 The statement urges a significant World Bank Group capital increase and objective assessment of SDG financing needs, recognizing that IBRD and IFC resources are constrained and that MDBs must provide large scale, long term affordable finance. It calls for climate finance to come from new, additional sources and not to substitute for ODA, and for a dynamic shareholding review to enhance the voice and voting share of developing countries reflecting their increased share in global GDP. The proposed Environment and Social Framework must be realistic, simple, affordable and grounded in borrower focused consultations. en-us Mon, 12 Oct 2015 09:42:24 +0530 Mon, 12 Oct 2015 09:42:24 +0530 TaxTMI RSS Generator The Union Finance Minister Arun Jaitley emphasizes the need for bigger financing and implementation plans by the World Bank Group to achieve the Sustainable Development Goals (SDGs); Finance Minister also emphasizes the need for the significant increase in the capital of the World Bank Group to meet the developmental objectives and review of the Bank’s shareholding to reflect share of the developing countries in the global economy https://www.taxtmi.com/news?id=15074 The statement urges a significant World Bank Group capital increase and objective assessment of SDG financing needs, recognizing that IBRD and IFC resources are constrained and that MDBs must provide large scale, long term affordable finance. It calls for climate finance to come from new, additional sources and not to substitute for ODA, and for a dynamic shareholding review to enhance the voice and voting share of developing countries reflecting their increased share in global GDP. The proposed Environment and Social Framework must be realistic, simple, affordable and grounded in borrower focused consultations. News - Mon, 12 Oct 2015 09:42:24 +0530 https://www.taxtmi.com/news?id=15074