Nirmala Sitharaman: India wants Asian Development Bank to step up lending, private sector operations


Source: indiatimes.com indiatimes.com

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New Delhi: Appreciating the assistance extended by the Asian Development Bank ( ADB ) in fight against COVID-19, Finance Minister Nirmala Sitharaman on Friday urged the multilateral lending agency to increase the quantum of lending and private sector operations with a view to ameliorate poverty and promote employment generation. Addressing the 53rd annual meeting of the Board of Governors of the ADB through video conference, the minister invited the institution to set up a South Asia Sub-regional Economic Cooperation (SASEC) Secretariat in India and a Private Sector Operations Branch Office in Mumbai for more committed operational activities in the private...