Union Minister of Finance Shri Arun Jaitley met Ms. Kristalina I. Georgieva, the Chief Executive Officer, World Bank Group https://www.taxtmi.com/news?id=17525 The Government of India has opted to take World Bank assistance through IBRD rather than IDA and urged an increase in IBRD lending capacity and a capital increase in the Bank Group; it pressed for lowering effective loan interest by removing commitment charges on undisbursed balances and for exploring innovative financing, and sought relaxation of sovereign guarantee requirements for loans to AAA rated organisations to support its project pipeline. en-us Wed, 01 Mar 2017 18:26:04 +0530 Wed, 01 Mar 2017 18:26:04 +0530 TaxTMI RSS Generator Union Minister of Finance Shri Arun Jaitley met Ms. Kristalina I. Georgieva, the Chief Executive Officer, World Bank Group https://www.taxtmi.com/news?id=17525 The Government of India has opted to take World Bank assistance through IBRD rather than IDA and urged an increase in IBRD lending capacity and a capital increase in the Bank Group; it pressed for lowering effective loan interest by removing commitment charges on undisbursed balances and for exploring innovative financing, and sought relaxation of sovereign guarantee requirements for loans to AAA rated organisations to support its project pipeline. News - Wed, 01 Mar 2017 18:26:04 +0530 https://www.taxtmi.com/news?id=17525