Delhi: Mentioning the key achievements of the... ... G20 Summit live updates: Delegates arrive to attend special dinner hosted by Prez Murmu

Delhi: Mentioning the key achievements of the Indian Presidency in the finance track on Multilateral Development Banks (MDB), Finance Minister Nirmala Sitharaman says, "Fourth, endorsement for the G 20 roadmap for implementation of the recommendations of an independent panel on capital adequacy framework of the MDBs. So the Capital Adequacy Frameworks (CAF) recommendations are focused on enabling MDBs to use the existing resources effectively... The roadmap estimates that implementation of the CAF and the measures thereby will potentially yield additional lending headroom of approximately 200 billion USD over the next decade... So through these achievements, India has harnessed the opportunity provided by the G 20 presidency to effectively articulate and embed the priorities of the global south in the larger global conversation on the MDB reforms."

Update: 2023-09-09 11:54 GMT

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