Finance: Finance Minister Nirmala Sitharaman met Asian Development Bank (ADB) President Masatsugu Asakawa on Tuesday. During this meeting, he said that ADB should support India with climate finance at affordable rates as the country’s progress can have a very positive impact regionally and globally.
point of support
During a bilateral meeting with the multilateral funding agency, Sitharaman said India is the most important country in all ADB’s activities, including government. He also called for ADB’s support for a unique financing arrangement to enhance the lending capacity of the bank. Sitharaman advised ADB to introspect and evaluate how the bank can effectively support developing countries.
climate finance
Finance Ministry wrote on Twitter, “Finance Minister Nirmala Sitharaman urges ADB to support India with affordable and affordable climate finance. This is because India’s economic progress can have a very positive impact regionally and globally." During the meeting, Asakawa reiterated ADB’s commitment to provide $100 billion in climate finance to its member countries.
finance facility
Also thanked India for supporting ADB’s unique finance facility for climate in Asia and the Pacific. Earlier, the ADB President announced the Bank’s latest climate finance program – the Unique Finance Facility for Climate in Asia and the Pacific (IF-CAP) …
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