• Politics
  • Business
  • World
  • Science
  • Startup
  • Health
  • Travel
  • Economy
  • Top Story
Aryavarth News
  • Home
  • Politics
  • City News
  • Top Story
  • Editorial
Saturday, March 25, 2023
No Result
View All Result
Aryavarth News
No Result
View All Result

FM asks NDB to facilitate private sector participation

Addressing the 6th Annual Meeting of Board of Governors of the New Development Bank through video-conference, she highlighted the role of Development Financial Institutions (DFIs) in infrastructure financing and mentioned that India is going to set up a new DFI with initial paid-up capital of around $3 billion with a lending target of $69 billion in next three years, said an official statement.

FM asks NDB to facilitate private sector participation
370
VIEWS
Share on WhatsappShare on FacebookShare on TwitterShare on Telegram

New Delhi, (Aryavarth) Finance Minister Nirmala Sitharaman has suggested that the New Development Bank (NDB) facilitate private sector participation and explore more innovative financing structures.

Addressing the 6th Annual Meeting of Board of Governors of the New Development Bank through video-conference, she highlighted the role of Development Financial Institutions (DFIs) in infrastructure financing and mentioned that India is going to set up a new DFI with initial paid-up capital of around $3 billion with a lending target of $69 billion in next three years, said an official statement.

RelatedPosts

Industry welcomes GST Council’s decisions, says zero rating of Covid-relief items should be explored

Amid Covid wave, GST Council meet begins; may consider duty cuts

FM participates in ADB Governors’ Seminar as part of bank’s 2021 meeting

She also suggested that the NDB develop a synergistic relationship with these institutions that share its development priorities to achieve greater results.

“The Finance Minister encouraged the NDB to facilitate private sector participation, explore more innovative financing structures, discover co-financing opportunities with other MDBs, develop a pipeline of bankable projects, and promote environmental and social safeguards to enhance the sustainability of infrastructure, etc,” it said.

Sitharaman also stressed the need for the NDB to maintain and improve upon the ratings assigned by international rating agencies through adequate capitalisation, high quality governance and prudent management.

Tags: #FM
SendShare34Tweet21Share

Related Posts

Industry welcomes GST Council’s decisions, says zero rating of Covid-relief items should be explored

Industry welcomes GST Council’s decisions, says zero rating of Covid-relief items should be explored

May 29, 2021
Amid Covid wave, GST Council meet begins; may consider duty cuts

Amid Covid wave, GST Council meet begins; may consider duty cuts

May 28, 2021
FM participates in ADB Governors’ Seminar as part of bank’s 2021 meeting

FM participates in ADB Governors’ Seminar as part of bank’s 2021 meeting

May 4, 2021

What Can Govt Do for Stimulus ?

Aryavarth News

Copyright © 2022 Aryavarth Publication Pvt Ltd.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Politics
  • Business
  • World
  • Science
  • Startup
  • Health
  • Travel
  • Economy
  • Top Story

Copyright © 2022 Aryavarth Publication Pvt Ltd.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.