UN Secretary-General Antonio Guterres is asking the G20 finance ministers meeting in Bengaluru to take "bold" steps to reform the international development banks and find ways to solve the debt crisis facing several developing countries, according to his spokesperson Stephane Dujarric.
Prime Minister Modi and Malpass discussed India in terms of "Amrit Kaal" and the goal to achieve and sustain 8 per cent growth as India approaches the 100th anniversary of its Independence in 2047.
The IMF Managing Director Kristalina Georgiev lauded India's well-targeted policy mix that has helped the Indian economy remain resilient.
"The initiative was debated on Thursday during a G20 Ministerial Symposium in the Japanese city of Fukuoka, with the world's leading industrialised countries coming out in favour of setting up a new tax model that is adapted to the digital economy."
