more-inIndia has a “very strong voice” within the World Bank group due to its active participation in the international financial institution’s meetings and decisions, and the Bank is in talks with the government to further strengthen this partnership, according to World Bank Chief Executive Officer Kristalina Georgieva. In an interview to The Hindu, Ms. Georgieva said even as the Bank is undertaking internal reforms on decision-making and governance, “India’s voice on the (World Bank) Boards of directors and governors is very strong. On the Indus Waters Treaty, Ms. Georgieva said, “a constructive engagement is taking place. The ‘Masala bond’ was first issued by the International Finance Corporation (a member of the World Bank Group). The World Bank also agreed to share with the RBI, suggestions to better assess and manage internal and external risks, as well as to have adequate buffers.

Source: The Hindu March 01, 2017 17:07 UTC