Nirmala Sitharaman attends 103rd Development Committee Meeting of World Bank-IMF

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participated in the 103rd Meeting of the Development Committee Plenary, via video conferencing. During the meeting, she shared the measures taken to combat COVID-19 including social support measures for the poor and vulnerable, and relief measures for firms in statutory and regulatory compliance matters.

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The main agenda of the conference was:

  • World Bank Group (WBG) and International Monetary Fund Support for Debt Relief Under the Common Framework and Beyond;
  • COVID-19 pandemic: World Bank Group Support for Fair and Affordable Access to Vaccines by Developing Countries;
  • From COVID-19 Crisis Response to Resilient Recovery – Saving Lives and Livelihoods while Supporting Green, Resilient and Inclusive Development (GRID).

As a part of the meeting, Sitharaman also informed that the Government of India has announced Aatma Nirbhar Packages of Rs 27.1 trillion, which amounts to more than 13% of the GDP. These packages would provide social protection to the poor and vulnerable as well as push forward the economic reforms.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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