World Bank Aims to Redefine Vision for Poverty Eradication and Livable Planet, Says President Banga

World Bank president Ajay Banga said the bank's vision was being redefined to eradicate poverty on a livable planet. This includes climate, fragility, pandemic and other elements.
Banga noted the need for multilateral development banks to collaborate on climate, digital governance and inclusion of the private sector.
On capital adequacy, Banga said announcements were made at the G20 Summit by US, Germany and others. This could generate an additional $200 billion in lending over the next decade.
Banga emphasized the need to focus reform goals on inclusion of women, who comprise over 50% of the global workforce.
Banga lauded India's efforts to include African Union countries in G20 and bring consensus on issues despite challenges.

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Posted 9/10/2023, 12:48:16 PM