Nirmala Sitharaman

Photo Credit: DNA India

NBD should enhance emergency facility to USD 10 billion to fight Covid-19: Sitharaman

Finance Minister Nirmala Sitharaman on Monday asked New Development Bank (NDB) to enhance the emergency facility to USD 10 billion to combat Covid-19 pandemic.

Sitharaman participated in the 5th Annual Meeting of Board of Governors of NDB through video-conference.

“On the discussion of Covid-19, FM appreciated NDB’s effort on fast-tracking of financial assistance of about USD 5 billion to BRICS countries including Emergency Assistance of USD 1 billion India to combat Covid-19 pandemic. She also suggested that, assistance under this Facility to be enhanced to USD 10 Billion,” an official statement quoted Sitharaman.

Source: Hindustan Times