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Why is India concerned about lending programme of IMF, WB for poor nations?

Eleven nations have signed a note where they have argued against the Bank taking on the responsibility to lend more, thereby raising interest costs for the borrowers

Finance ministry, state-run banks discuss 3-year strategic roadmap
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The meetings are the first in a series supposed to be held to find common grounds for debt relief for the countries in most distress

Subhomoy Bhattacharjee New Delhi
More than the virtual meeting of the International Monetary Fund (IMF) and the World Bank with most of the G20 countries held last week to hammer out a new debt relief package for the poorest countries, more action is now expected backstage.

President of the World Bank David Malpass surprisingly announced last week he will quit by June 30. On Monday, the Financial Times ran a story saying developing nations including India have reasons to be unhappy with his departure. Eleven nations including India, China, Brazil, Saudi Arabia, and Russia have signed a note where they have argued against the

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First Published: Feb 21 2023 | 9:59 AM IST

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