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World Bank's role crucial in ensuring food, energy and climate finance: Nirmala Sitharaman

WASHINGTON: In the run-up to the G20 Summit next month, finance leaders from the group’s member nations held a conference in Washington this week to discuss key economic issues and risk factors that are affecting the international monetary system and the stability of the global economy. Food security, rising energy prices, high inflation, cross-border payment systems,

<p><span>The United States remains resolute in its condemnation of Russia&rsquo;s illegal war against Ukraine, which violates international norms and the core tenets of the United Nations Charter. We urge Russia to immediately end this needless war. We stand with the Ukrainian people and their government against Russia&rsquo;s aggression and fraudulent attempts to annex parts of Ukraine. We continue to provide critical military and economic support to Ukraine in cooperation with bilateral and multilateral partners. This economic support includes debt service suspension from...

New fund will help to expand capacity of development banks around the world to scale up lending in low- and middle-income countries in line with the new

In 2021, G20 members created an independent panel to evaluate whether MDB shareholder capital is being used efficiently and to understand whether MDBs can lend more without threatening their long-term financial integrity. As well as discussing the recommendations of the report and framing the emerging issues and priorities, this webinar will explore several related questions.