Global experts call on EMs to rethink long-term financing

Emerging markets would require over $53 trillion for infrastructure financing, but countries need to develop a new long-term financing model, said Auguste Tano Kouame, country director, World Bank. Kouame said that the Indian government had done well, and reforms such as the National Infrastructure Pipeline and Production-Linked Incentive schemes are steps in the right direction. … Read more

sitharaman: Sitharaman highlights rising debt vulnerabilities in developing countries at G20, seeks multilateral coordination

Finance Minister Nirmala Sitharaman on Friday highlighted rising debt vulnerabilities in many developing countries and sought views from G20 member nations on ‘multilateral coordination’ for managing the burden. Speaking at inaugural session of the G20 finance ministers and central bank governors (FMCBG) meeting, Sitharaman also sought views on how multilateral development banks, like the IMF … Read more

world bank: World Bank promises ‘concessionality’ in debt restructuring

The World Bank will “provide as much concessionality to the debt treatment” for distressed economies as possible, its president told a meeting with the International Monetary Fund, India and other creditor nations on Saturday. “The World Bank is committed to providing net positive flows in a way that maximizes concessionality in the restructuring process,” David … Read more

world bank: India can grow at 8%; the time is right to draw investment, says World Bank President

India faced challenges during the Covid-19 pandemic but has recovered “strongly” and can achieve 8% growth through a stronger private sector, land and agriculture reforms, and ensuring credit gets to small enterprises, among others, said David Malpass, president of the World Bank. This is the right time for India to attract investment amid a global … Read more

India Global Growth: ET GBS: Super optimistic about India, say global CEOs

India is the epicentre of global growth and transformation, with its vast opportunities across sectors, most notably in digitalisation, aviation and sustainability, top CEOs said at a panel discussion at the Economic Times Global Business Summit 2023 on Friday. The panel, consisting of the heads of global corporations, pegged India to be the skills hub … Read more

Next week’s G20 Finance Ministers’ Meeting to discuss developing country debt and crypto asset regulations | Reuters

On February 16, debt problems in developing countries and crypto-asset (virtual currency) regulations will be discussed at the G20 finance ministers and central bank governors meeting to be held from 22 to 25 in Nandi Hills, a summer resort near Bengaluru in southern India. , the slowdown of the global economy is expected to become … Read more