India has made a strong case for shareholding of the World Bank Group
World Bank Group shareholding in India on Thursday said his side that developing nations should get more shares from the bank to increase the loan limits.
India World Bank's Development Committee, speaking on behalf of Finance Minister said that these countries will need more financial help, so that Sustainable Development Goals (SDGs) could be fulfilled.
Development Committee of the World Bank Group and the IMF's ministerial forum. Jaitley at the meeting, including India, Sri Lanka, Bangladesh and Bhutan are also represented.
He said that the environment for financing developing countries received $ 100 billion each year to support new sources should be completed.
He said the World Bank's environmental and social framework proposal should work this way so that the cost and time savings.
Growth in South Asia is growing
In the Indian sub-continent He said representatives from the countries bordering India's projected growth rate is quite good. India 7.5 percent, Bangladesh 6.3 percent, Sri Lanka 6.5 per cent and seven per cent of Bhutan to set a working target.
Jaitley said that we have a strong economic growth will boost the economy of developing countries. This will help to meet the World Bank both agendas.
SDGs stating He said the scale of the development to be completed in the Bank of Human Resources, Economic Growth, Employment and Social Protection of the people will be a lot of work.
Oct 11, 2015.