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Sitharaman meets ADB chief, says India remains key partner
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IANS | 02 May, 2023
Union Finance Minister Nirmala Sitharaman, who is currently on a
four-day visit to South Korea, had a bilateral meeting with Asian
Development Bank (ADB) president Masatsugu Asakawa in Incheon on
Tuesday, during which she emphasised that India continues to be the most
significant country for the lending agency's sovereign and
non-sovereign operations.
The Union Minister, who
arrived in Incheon earlier in the day to attend the annual general
meeting of ADB, met Asakawa on the sidelines of the event, official
sources said.
Sitharaman also expressed support to ADB for innovative financing mechanisms to enhance the lending capacity of the bank.
She advised ADB to introspect and assess how the bank can effectively support developing member countries.
Sitharaman
urged Asakawa to support India with more concessional climate finance,
as the country's economic and developmental progress can have huge
positive impact regionally and globally.
Asakawa reiterated ADB's
commitment of providing $100 billion climate finance to its member
countries and also thanked India for support to the lender's innovative
finance facility for climate in Asia and the Pacific.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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₹88.70
|
₹87 |
UK Pound
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₹119.90
|
₹116 |
Euro
|
₹104.25
|
₹100.65 |
| Japanese
Yen |
₹59.20 |
₹57.30 |
| As on 30 Oct, 2025 |
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