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International News

Apr 17, 2020
9:54PM

FM Nirmala Sitharaman attends Development Committee Meeting of World Bank-IMF through video conference

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Finance Minister Nirmala Sitharaman today attended the Development Committee Meeting of the World Bank-IMF through video conference. During the meeting, Mrs Sitharaman shared the measures taken to combat COVID-19 including social support measures for poor and vulnerable, and relief measures for firms in statutory and regulatory compliance matters.

She said, government has launched massive efforts to assist the health system and responded effectively to the outbreak. Important measures included social distancing, travel restrictions, work from and stay at home and scaled up testing, screening and treatment, have helped contain impact of the pandemic.
 
The Finance Minister shared that the government has announced support measures worth 23 billion dollars comprising free health insurance to health workers, cash transfers, free food and gas distribution and social security measures for affected workers.

Mrs Sitharaman also mentioned that as responsible citizens of the global community, India is supplying critical medicines to the needy countries and will continue to do so. She commended the speedy response and efficiency of the World Bank Group in rolling out the Fast Track COVID-19 Response Facility.
 

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