US President Joe Biden has urged G20 nations to collectively increase funding for the World Bank in order to support low- and middle-income countries. The initiative aims to provide a one-time boost to the World Bank s lending volume and double its crisis lending capacity.
Chinese Premier Li Qiang, the number two ranked leader of the ruling Communist Party of China (CPC), is currently in New Delhi, deputing for President Xi Jinping, to attend the annual G20 summit
US President Joe Biden has rallied G20 nations to agree to collectively mobilise more headroom and concessional finance to boost the World Bank’s capacity to support low- and middle-income countries, the White House said on Saturday.