IANS | 27 Oct, 2022
Finance Minister Nirmala Sitharaman on Wednesday said that despite
exogenous threats, India's well-targeted policy mix, accompanied by
major structural reforms and sound external balance sheet, have aided
its growth to remain resilient.
She made these
observations while attending the 7th Annual Meeting of the Board of
Governors of the Asian Infrastructure Investment Bank (AIIB), via video
conferencing.
Sitharaman appreciated the AIIB for its continued
commitment and dedication to assist members and for providing
high-quality development finance.
While advocating the need to
enhance climate finance, the Finance Minister highlighted that Prime
Minister Narendra Modi is actively leading India's climate change
response efforts through various programmes such as 'Lifestyle for
Environment' among many others.
Sitharaman urged the bank's
management to further intensify private sector capital mobilisation and
explore mechanisms to augment its lending headroom.
While
suggesting the AIIB set-up full-fledged country offices, she also
advised the bank to work towards expanding the scope of its mid-stream
and upstream engagement activities, such as increased technical
assistance to help clients translate strategies into investment plans.