Saturday, July 5, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Banking & Finance

India wants recovery mechanism in NDB’s PPF

Fiinews by Fiinews
January 14, 2020
in Banking & Finance, Contract, Infrastructure, Investment, Projects, Tenders
Reading Time: 2 mins read
A A
0
54

The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman meeting the Deputy Prime Minister, Minister of Economy and Finance of South Korea, Mr. Hong Nam-ki, on the sidelines of IMF-WB Annual Meetings 2019, in Washington DC, USA on October 17, 2019.

0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Sitharaman regrets lack of GRQ progress

 

PIB.
Finance Minister Nirmala Sitharaman meeting the Deputy Prime Minister, Minister of Economy and Finance of South Korea, Hong Nam-ki, on the sidelines of IMF-WB Annual Meetings 2019, in Washington DC, USA on 17 October 2019.

India remains concern about the effectiveness of Project Preparation Facility (PPF) of the New Development Bank, Finance Minister Nirmala Sitharaman has told BRICS’ Finance Ministers and Central Bank Governors meetings in Washington.

The Minister stressed that sustainable recovery mechanisms need to be inbuilt into the PPF guidelines so that the assistance extended is recovered once the project loan is sanctioned.

Sitharaman also expressed India’s deep regret on the lack of progress of the 15th General Review of Quotas (15th GRQ) at the IMF meeting, said the Finance Ministry on 18 Oct 2019.

With reference to the alternative proposal emerging at the current juncture with reference to strengthening borrowed resources of IMF, Finance Minister cautioned that borrowed resources cannot provide full confidence in extreme crisis situations as creditor nations themselves may be in stress.

Prior to the G20 FMCBG, the G20 Finance and Central Bank Deputies also met to discuss the way forward on priority G20 agenda items such as Quality Infrastructure Investment, building effective country platforms, attaining debt sustainability as well as strengthening universal health care financing.

Secretary, Economic Affairs Atanu Chakraborty urged the G20 to explore innovative sources of financing for boosting infrastructure development ensuring that quality considerations are in-built into these financing sources.

He cautioned that the agenda of debt sustainability and transparency in Low Income Countries should not undermine the internationally agreed commitment on official development assistance.

He also expressed India’s keen interest in the work IMF is pursuing on collateralized debt and looked forward to the research from IMF on the area.

On strengthening Universal Health Coverage (UHC) financing, he called for adopting a holistic approach encompassing preventive, curative and palliative care as well as plurality of pathways for achieving UHC including through traditional and complementary systems of medicine.

Chakraborty emphasized that the G20 should reflect further about who will build the platform, how the private sector will be engaged in the process and the contours and scope of the platform as to whether it will involve project preparation, knowledge sharing, technical assistance among others. fiinews.com

Tags: Ministry of FinanceWorld Bank
ShareTweetShare

Related Posts

IPA
Investment

Invest: Serendipity Space raises pre-seed round

by Fiinews
July 4, 2025
0
16

Company leveraging space-based crystallization technology Serendipity Space, a pioneering space-tech company developing microgravity-based pharmaceutical manufacturing solutions, has raised its pre-seed...

Logisticsuav Flying Dassault Systemes
Projects

Project: Raphe mPhibr adopts French platform tech

by Fiinews
July 4, 2025
0
11

Dassault Systèmes’ 3DEXPERIENCE reduces product development cycle Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) said that India’s most innovative aircraft manufacturing...

SIDM

Project: DAC accords AON for defence products

July 4, 2025
14
PIB.

Project: Minister wants Bio E-Cell in Odisha

July 4, 2025
14
Indian Steel Association

Invest: India needs $200bn for expansion of mills

July 4, 2025
17
PIB

Project: Indo-Russian Cooperation builds INS Tamal

July 3, 2025
12
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Invest: Serendipity Space raises pre-seed round
  • Manufacturing: Air Liquide builds ASU-CFS
  • Project: Raphe mPhibr adopts French platform tech
  • Tech: TCS to be part of Singapore Smart Nation
  • Project: DAC accords AON for defence products

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.