A new World Bank administered programme, with an initial total allocation of around $45 million, will focus on air quality management in five major urban areas in India, China, Egypt, Nigeria and South Africa.
Asserting that India is prepared to play its part in combating the danger posed by climate change, Finance Minister Arun Jaitley has said the global community needs to develop greener technologies "on a war footing".
Chinese state media took a victory lap on Wednesday, gloating over the decision of major European powers to join a Beijing-backed multinational lender that the United States perceives as a threat to the Washington-led World Bank.
Sri Lanka'a new Finance Minister Ravi Karunanayake met top officials of the World Bank and IMF here and discussed the developmental needs of the country, seeking their assistance in improving the economic situation of the island nation.
Jammu and Kashmir Governor N N Vohra on Saturday directed the state's Finance secretary to pursue discussions with the Union Finance Ministry on the rapid damage and needs assessment report on the floods prepared jointly by the World Bank team and state government.
In a significant move by BRICS, environment ministers of the five member countries are to meet in Moscow in April to discuss taking forward the proposal for creating a Green Global Fund in cooperation with the World Bank to support initiatives that are environment-friendly.