Monday, 24 April 2017

Arun Jaitley for urgent World Bank, IMF quota reforms

The World Bank needs to decide the issues of Selective Capital Increase (SCI) to reflect the increasing weight of Developing and Transition Countries (DTCs) and General Capital Increase (GCI) to expand its annual lending, Finance Minister Arun Jaitley has said. "We must fulfill our commitment to consider and reach a decision on SCI and GCI by annual meetings 2017 in line with the Lima Roadmap," he said at the plenary here on Saturday of the Development Committee of the World Bank and the International Monetary Fund (IMF).

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