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    <title>Statement by Mr Subhash Chandra Garg, Secretary, Department of Economic Affairs, Ministry of Finance, Govt. of India</title>
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    <description>The statement supports a joint capital package for IBRD and IFC while insisting that any capital buffers, loan pricing changes, and income transfers be designed to preserve AAA leverage and lending volumes for poorer countries. It urges use of budget efficiencies, deferral of income transfers and calibrated loan pricing as balanced levers; advocates selective capital increases and paid in capital for IFC; recommends exploring risk sharing facilities and alternatives to income transfers to sustain IDA without eroding IBRD/IFC equity; and prioritizes climate, disaster risk management, gender strategy and sovereign financing for human capital.</description>
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    <pubDate>Mon, 23 Apr 2018 10:04:49 +0530</pubDate>
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