G20 must give more funds to World Bank for Global South: Rockefeller's Shah

The foundation's president says COP21 Pledge of $100 bn from richer nations hasn't been met and is no longer enough

Debarghya Sanyal | New Delhi
Last Updated at March 17, 2023 17:04 IST

Photo: Bloomberg

The president of the Rockefeller Foundation, Rajiv Shah, who is set to visit India on March 18, said that under India's presidency, the G20 nations should consider providing more capital to the World Bank and other multinational development banks. Shah told Business Standard that in order to provide more concessionary funding, the G20 leadership should increase capital in the multinational development finance system.

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