G20 Capital Adequacy Frameworks roadmap can yield additional lending potential of $200 billion: Sitharaman

The Capital Adequacy Frameworks (CAF) measures, including those under implementation and consideration by G20 countries, could yield additional lending headroom of about $ 200 billion over the next decade, Finance Minister Nirmala Sitharaman said on Saturday and noted that India has effectively articulated priorities of the Global South in the larger global conversation on the Multilateral Development Bank (MDB) reforms.

Addressing a joint press conference after G20 Declaration was adopted, Sitharaman talked about the key achievements of the Indian Presidency in the finance track on Multilateral Development Banks.

"First one is the outcomes which are focused on strengthening the MDBs to address shared global challenges if the 21st century...

There are four key highlights... First, agreement on the need for better, bigger and more effective MDBs. It is necessary to have better bigger and more effective MDBS because the developmental demands from all across the globe are high, so these institutions will have to be better and bigger. This is also going to contribute to enhancing the representation and voice of developing countries in decision-making," she said.

"The second, is the G 20 independent expert group on strengthening MDBs and this was established and it has submitted its volume one.