India wants the multilateral funding agency ADB to increase its equity base through another round of general capital increase with a view to strengthening its lending operations. Speaking at the 55th Annual Meeting of ADB, India's Economic Affairs Secretary Ajay Seth said rising commodity prices are endangering food security. "We are meeting in the backdrop of tightening of monetary policies, slowdown of the global economy, supply-chain disruptions, unprecedented inflation and rise in commodities prices endangering food security and livelihoods and the developmental gains made so far," Seth said, the Alternate Governor for the ADB's annual meeting. Fiscal space has now considerably reduced and the surge in public debt has limited the space for additional borrowing and worsened debt vulnerabilities, he said. Increase in private sector operations is the need of the hour to leverage the limited capital of ADB, Seth said developing more affordable and innovative financing solutions wil
from Latest News https://ift.tt/m2zX5BV
via WebMD https://ifttt.com/images/no_image_card.png
ABOUT THE AUTHOR
TEAMS FUN AND FAIR - News N Entertainment is your one-stop destination for the latest news, entertainment updates, and product reviews. From breaking headlines and Bollywood buzz to cricket updates and smart shopping recommendations, we bring you curated content that keeps you informed and entertained. Discover trending news from India Today, explore amazing deals on Amazon products including electronics, home decor, furniture, and fashion accessories, and stay updated with sports highlights
