The World Bank chief stressed the importance of investing in education and creating job opportunities, especially for the growing population of young people in developing nations | Latest News India
India's growth rate gives it an advantage in tackling poverty if the country maintains the current momentum, the new World Bank President Ajay Banga said in Delhi today.
Minister Liu Kun appreciated India s leadership in G20 and stated that a lot of results have been achieved so far, the finance ministry said in a tweet. "Key discussion items included deliverables under #G20India Presidency, including strengthening #MDBs, #GlobalDebt vulnerabilities and #GPFI. Minister Liu Kun also appreciated work of the G20 Independent Expert Group for Strengthening MDBs setup under #G20India Presidency," the tweet said.
G20 News Live: U.S. Treasury Secretary Janet Yellen said US is committed to implementing a global tax deal. Agreement on technical details of pillar 1 tax reallocation is very close , she said.She said she was "eager" to work with China on areas of mutual interest, including debt restructurings for poorer countries, and that multilateral development banks needed reforms before capital increases could be considered.In remarks prepared for a press conference before a meeting of Group of 20 finance ministers and central bankers in India, Yellen said her visit to Beijing last week helped put the U.S.-China relationship on "surer footing" and that the world s two biggest economies had an obligation to the world "to cooperate on areas of mutual concern"."There is much more work to do. But I believe this trip was an important start," Yellen said. "I am eager to build on the groundwork that we laid in Beijing to mobilise further action."Washi
PM Modi thanks President Biden for supporting his proposal to add Africa as a permanent member of the G20, aligning with the African Union s appeal for complete membership. During India s G20 Presidency, PM Modi emphasizes integrating the priorities of African countries into the G20 agenda.