Text of the Union Finance Minister Shri Arun Jaitley’s Speech at the Development Committee of the World Bank in Washington D.C.

Text of the Union Finance Minister Shri Arun Jaitley’s Speech at the Development Committee of the World Bank in Washington D.C. https://www.taxtmi.com/news?id=16031 The speech urges expanded concessional financing-including a financial intermediary fund like the Crisis Response Window-and increased annual World Bank Group lending, supported by timely General Capital Increase and substantial Selective Capital Increase at IBRD and IFC to reflect the rising economic weight of Developing & Transition Countries. It demands adherence to Istanbul principles to rebalance shareholding toward DTCs with GDP (preferably PPP) as the primary factor, limits on the weight of IDA contributions in the dynamic formula, and pragmatic, borrower informed Environmental and Social Standards. en-us Mon, 18 Apr 2016 10:24:29 +0530 Mon, 18 Apr 2016 10:24:29 +0530 TaxTMI RSS Generator Text of the Union Finance Minister Shri Arun Jaitley’s Speech at the Development Committee of the World Bank in Washington D.C. https://www.taxtmi.com/news?id=16031 The speech urges expanded concessional financing-including a financial intermediary fund like the Crisis Response Window-and increased annual World Bank Group lending, supported by timely General Capital Increase and substantial Selective Capital Increase at IBRD and IFC to reflect the rising economic weight of Developing & Transition Countries. It demands adherence to Istanbul principles to rebalance shareholding toward DTCs with GDP (preferably PPP) as the primary factor, limits on the weight of IDA contributions in the dynamic formula, and pragmatic, borrower informed Environmental and Social Standards. News - Mon, 18 Apr 2016 10:24:29 +0530 https://www.taxtmi.com/news?id=16031