New Delhi: Union Finance Minister Nirmala Sitharaman had a bilateral meeting with Asian Development Bank (ADB) president Masatsugu Asakawa in Incheon on Tuesday.
She emphasized that India continues to be the most significant country for the lending agency’s sovereign and non-sovereign operations.
The Union Minister, who arrived in Incheon earlier in the day to attend the annual general meeting of ADB, met Asakawa on the sidelines of the event, official sources said.
Advertisements
Sitharaman also expressed support to ADB for innovative financing mechanisms to enhance the lending capacity of the bank. She advised ADB to introspect and assess how the bank can effectively support developing member countries.
Sitharaman urged Asakawa to support India with more concessional climate finance, as the country’s economic and developmental progress can have a huge positive impact regionally and globally.
Asakawa reiterated ADB’s commitment to providing $100 billion in climate finance to its member countries and also thanked India for support to the lender’s innovative finance facility for the climate in Asia and the Pacific.
Advertisements
Next Story:
-
Asaduddin Owaisi Urges People To Participate In Caste Census
AIMIM President Asaduddin Owaisi urged the people to participate in the ongoing ‘caste census’ being taken up in the State.
-
Heavy Rains In Telangana For Next Three Days
The people of Telangana have been alerted because of moderate to heavy rains in the state for the next three days, according to the Indian Meteorological Department (IMD).
-
Abdul Hafeez From Telangana Elected As SIO India National President
Abdul Hafeez from Telangana was elected as the National President of the Students Islamic Organisation (SIO) of India.
-
Banks To Remain Closed On These Dates In December 2024
Banks will not function on 17 days in December on account of festivals, as well as on second and fourth Saturdays and all Sundays.
-
Youth Kills His Girlfriend With Knife In Madhya Pradesh
A youth stabbed his girlfriend seven times with a knife in broad daylight after accusing her of cheating in Madhya Pradesh on Wednesday afternoon. After seriously injuring the woman, the accused fled the scene.
Now you can get the latest stories from Hydnow every day. Click the link to subscribe. Click to follow Hydnow’s Facebook page and Twitter and Instagram