IFC MD Meets Finance Minister, Discusses Financial System Reforms
By Rediff Money Desk, New Delhi Oct 04, 2024 18:34
IFC Managing Director Makhtar Diop met with India's Finance Minister Nirmala Sitharaman to discuss reforms in the international financial system and IFC's plans in India, including capacity building for urban local bodies, developing bankable projects, and improving municipal creditworthiness.
New Delhi, Oct 4 (PTI) Finance Minister Nirmala Sitharaman on Friday met International Finance Corporation (IFC) Managing Director Makhtar Diop and discussed need for reforms in the international financial system.
IFC a member of the World Bank Group is the largest global development institution focused on the private sector in emerging markets.
"Mr. @Diop_IFC discussed @IFC_org plans in India, focusing on capacity building for urban local bodies, developing bankable projects, and improving municipal creditworthiness," the finance ministry said in a post on X.
Diop also mentioned IFC's plans to focus on the agriculture sector, it said.
They discussed the need for reforms in the international financial system and the way forward in this direction, it added.
India is IFC's largest client globally, reflecting the strength of India's economy and the potential of its thriving private sector.
IFC a member of the World Bank Group is the largest global development institution focused on the private sector in emerging markets.
"Mr. @Diop_IFC discussed @IFC_org plans in India, focusing on capacity building for urban local bodies, developing bankable projects, and improving municipal creditworthiness," the finance ministry said in a post on X.
Diop also mentioned IFC's plans to focus on the agriculture sector, it said.
They discussed the need for reforms in the international financial system and the way forward in this direction, it added.
India is IFC's largest client globally, reflecting the strength of India's economy and the potential of its thriving private sector.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 8.14 (+ 3.17)
- 51615920
- Srestha Finvest
- 0.69 (+ 2.99)
- 47696604
- GTL Infrastructure
- 2.21 (+ 4.25)
- 30873036
- Standard Capital
- 1.09 ( -0.91)
- 18376671
- AvanceTechnologies
- 0.90 (+ 4.65)
- 16478907
MORE NEWS
Swiggy Raises Rs 5,085 Crore Ahead of IPO
Food delivery giant Swiggy has secured Rs 5,085 crore from anchor investors ahead of...
States urged to boost revenue for fiscal...
Finance Commission Chairman Arvind Panagariya encourages states to increase revenue...
Aptus Value Housing Finance Q2 Profit Up 22% to...
Aptus Value Housing Finance India Ltd reported a 22% rise in net profit to Rs 182 crore...