India

Jaishankar, World Bank Chief Banga Discuss “Concerns Of Global South”

 External Affairs Minister S Jaishankar and World Bank president Ajay Banga on Wednesday held discussions on “India’s endeavors to empower regional connectivity” and the “concerns of the Global South.”

He also referred to IMF and World Bank predictions about the world getting a little challenging for a year or so and asserted that a forecast is not destiny.

In an exclusive interview with ANI on the sidelines of the meeting, Banga said digitization has made it easier for people to access services and he is a “big fan” of it.

“You can’t just do digitization of lending without digitizing the infrastructure. What India has done over the last 15-20 years, it is digitize the infrastructure. And that is enabling all these terrific applications to be built, which makes it easier for people to access services online. So I’m a big fan of it,” he said.

“I am more optimistic today about India as a whole, economically, than I have been for a long time,” he added.Banga is the first person of Indian origin to head either the World Bank or the International Monetary Fund.

Banga, a finance and development expert, took over as World Bank President last month.The executive directors of the World Bank selected Banga as the 14th President of the Bank for a five-year term in May this year.

Bharat Express English

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