Modi calls for World Bank reform at G20 finance meet

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Indian Prime Minister Narendra Modi added his voice Friday to calls for reform of global lenders such as the World Bank, as G20 finance ministers and central bank heads met.]The talks in Bengaluru focused on the continuing damaging effects of the Covid pandemic and the Ukraine war, as well as debt relief for poorer nations reeling from high food and fuel prices.

Indian Prime Minister Narendra Modi added his voice Friday to calls for reform of global lenders such as the World Bank, as G20 finance ministers and central bank heads met.Indian Prime Minister Narendra Modi added his voice Friday to calls for reform of global lenders such as the World Bank, as G20 finance ministers and central bank heads met.

“We need to collectively work to strengthen multilateral development banks for meeting global challenges like climate change and high debt levels.” On Thursday, Washington nominated Indian-American former Mastercard CEO Ajay Banga as his successor, drawing criticism over his corporate background and gender.

Lindner and Le Maire said Germany and France wanted no weakening of the language used in a leaders’ declaration in Indonesia in November that said “most members strongly condemned the war”.

 

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