ANI
07 Jun 2023, 13:25 GMT+10
Washington [US], June 7 (ANI): Vice President Kamala Harris called on World Bank President Ajay Banga at the White House.
This meeting was the first official US engagement since President Banga took charge of the office.
At their meeting, the Vice President underscored the Biden-Harris Administration's strong support for World Bank efforts to make investments and spur policy reforms that reduce poverty and advance achievement of the Sustainable Development Goals, the White House informed in a statement.
Harris praised the steps taken to evolve the World Bank--including expanding its mission to include building resilience to global challenges like climate change, pandemics, fragility and conflict.
She underscored that addressing these global challenges is interlinked with and indivisible from the Bank's work to eliminate extreme poverty and promote shared prosperity. The Vice President welcomed President Banga's commitment and high ambition in driving forward this evolution initiative, the statement added.
The Vice President conveyed the United States' intention to work with World Bank shareholders and President Banga in the leadup to the September G20 Leaders Summit.
Recognizing that the public sector alone cannot meet the immense development needs, the Vice President also underscored our commitment to work with the World Bank and other shareholders to develop and implement an action plan to raise the level of ambition in mobilizing private investment, according to the White House.
The Vice President discussed with President Banga her work around the world, from Southeast Asia to Africa to the Caribbean. In particular, as the Vice President has made clear in this and other meetings, countries should have access to the finance and tools they need to accelerate the clean energy transition and build resilience to shocks.
The Vice President and President Banga also discussed ongoing work to galvanize private investment in developing countries, particularly in Central America and Africa. This meeting comes just before the Vice President's upcoming trip to The Bahamas on June 8 to participate in the US-Caribbean Leaders Meeting, alongside President Banga, where she will further discuss the US commitment and actions to support sustainable and inclusive economic development in the Caribbean.
To this end, she raised the importance of all creditors offering Climate Resilient Debt Clauses to allow a temporary suspension of debt service after a natural disaster, the statement added. (ANI)Get a daily dose of Malaysia Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Malaysia Sun.
More InformationBANGKOK, Thailand: This week, Thailand implemented land border restrictions, including a ban on tourists traveling to Cambodia, as...
(250628) -- PHNOM PENH, June 28, 2025 (Xinhua) -- People celebrate the 74th founding anniversary of the ruling Cambodian People's Party...
Balochistan [Pakistan], June 28 (ANI): Nadia Baloch has strongly condemned the continued detention of her sister Mahrang Baloch, the...
Civilians are among the injured after a suicide bomber rammed an explosive-laden vehicle into a military convoy in North Waziristan...
New Delhi [India], June 28 (ANI): Jammu and Kashmir Students Association (JKSA)wrote a letter to Prime Minister Narendra Modi and External...
Rameswaram (Tamil Nadu) [India], June 28 (ANI): The Indian Coast Guard (ICG) successfully rescued three Sri Lankan nationals who had...
SAN FRANCISCO, California: A U.S. judge has dismissed a copyright lawsuit filed by 13 authors against Meta Platforms, the company that...
DUBAI, U.A.E: Oman is set to introduce a personal income tax as part of its strategy to reduce dependency on hydrocarbon revenues....
NEW YORK, New York - U.S. President Donald Trump dropped a bombshell on Friday announcing he had terminated trade talks with Canada....
Federal officials, then-Governor of Indiana Eric Holcomb, union leaders, company representatives, and dozens of guests assembled at...
NEW YORK CITY, New York: New York City's financial markets reacted sharply this week as shares of local banks and real estate investment...
SEATTLE, Washington: U.S. coffee company Starbucks has said it is not planning to sell all of its business in China, even though a...