|ICRIER-World Bank Seminar on Global Development Finance|
|June 10, 2004|
|From L to R: Dr. Sudipto Mundle, Deputy Country Director, ADB; Dr. Surjit Bhalla, Managing Director, Oxus Investments; Mr. Michael F. Carter, India Country Director, The World Bank; Dr. Arvind Virmani, Director & Chief Executive, ICRIER; Dr. Mansoor Dailami, Lead Economist, The World Bank, at the seminar on “Global Development Finance 2004 – Harnessing Cyclical Gains for Development, jointly organised with the World Bank.
ICRIER and the World bank jointly organised a seminar on ‘Global Development Finance: Harnessing Cyclical Gains for Development’ on June 10, 2004 to share expert views and experiences to understand the challenges and implications regarding the global financial conditions affecting developing countries and the future of infrastructure financing in the developing world.
The Seminar was based on World Bank’s report by Dr Mansoor Dailami, Lead Economist, World Bank. The discussions emphasised that the key challenge for policymakers in developing countries is to channel capital flows into areas, such as infrastructure, where it can lay the foundations for sustained growth and poverty reduction. Dr. Arvind Virmani, Director & Chief Executive, ICRIER chaired the Seminar.