World Bank President Ajay Banga on Tuesday said former President Donald Trump understands the value of international financial institutions and how their lending can lead to expanded markets for American companies overseas.
Asked about potential consequences for the World Bank if Trump – a critic of multilateral institutions and efforts to combat climate change – wins the Nov. 5 presidential election, Banga struck a sanguine tone.
“President Trump was the one who actually authorized a capital increase in the IBRD (International Bank for Reconstruction and Development) when he was in the office,” Mr Banga said. “At the end of the day, he understands the value, if you can put it in the terms that make sense for what he’s trying to get done, for his administration’s policies.”
External Afairs Minister S Jaishankar emphasised the need for territorial integrity and cooperation based on…
National Conference leader Omar Abdullah has been sworn in as the Chief Minister of the…
Hollywood director Alex Proyas has accused billionaire Elon Musk of copying his designs for humanoid machines…
Three persons were killed after a fire broke out in a 14-storey residential building at…
Chhattisgarh Chief Minister Vishnu Deo Sai on Wednesday announced that the Dearness Allowance (DA) of…
Coincidents are rare in diplomacy. It may be significant to keep a note of that…