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MUMBAI, Aug. 11, 2023 (TBINN)

World Bank is mulling local currency lending in countries like India to help borrowers save on costs, a senior official disclosed today

How do we do local currency lending for a country like India is also something we are trying to think of at a price which is advantageous to this country, Anshula Kant, Managing Director and Chief Financial Officer of World Bank, said.

Speaking at the event on Global Economy organised by the Ministry of Finance and Reserve Bank of India as part of India’s G-20 presidency, Anshula Kant said the Indian government has a huge advantage in local currency borrowing as compared to World Bank, even though the Washington D.C -based multilateral bank is rated A.A.A.

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