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In view of the World Bank being capital-constrained, Finance Minister Arun Jaitley emphasised on the need for re-capitalising the Bank to enable it to meet Sustainable Development Goals (SDGs) and twin goals of eliminating extreme poverty by 2030 and boosting shared prosperity.
Jaitley was representing the Constituency of Bangladesh, Bhutan, India and Sri Lanka, at the 94th Meeting of the Development Committee (DC), the Ministerial-Level forum of the World Bank Group and IMF for inter-governmental consensus building on development issues, here yesterday.
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