Punjab Chief Minister Bhagwant Singh Mann on Friday solicited fulsome support and cooperation from the World Bank to further combat the major problems being confronted by the state.
In a significant development, Haryana will soon be home to a global Artificial Intelligence (AI) centre with the assistance of the World Bank (WB).
Both sides discussed issues related to private capital participation in Global Public Goods, Energy security, and Multilateral Development Banks (MDBs) reforms.
The bank is expecting Nepal's private sector to contribute more to its growth by taking advantage of the central bank's loosening of monetary policies and easing of regulatory requirements
According to the World Bank, the Indian economy continues to grow at a healthy pace and the country's medium-term outlook remains positive.
The World Bank has announced actions it plans to take as part of a comprehensive, global response to the ongoing food security crisis, with up to $30 billion in financing in existing and new projects.
The World Bank has approved a USD 47 million projects to support the Government of India's Mission Karmayogi, a national program to build civil service capacity, the bank said in a statement.
Price increases for food commodities, of which Russia and Ukraine are large producers, and fertilisers, which rely on natural gas as a production input, have been the largest since 2008, the report noted.
On the impact of war on India's energy needs, Sitharaman said the portion of crude coming from Russia is not more than 3-4 percent.
The Finance Minister also suggested that multilateralism has become more critical as the world is undergoing a phase of exceptional uncertainty.
