‘A Green and Sustainable Growth Agenda for the Global Economy’ report

• NITI Aayog, in partnership with the International Development Research Centre (IDRC) and the Global Development Network (GDN), published a report, ‘A Green and Sustainable Growth Agenda for the Global Economy’.
• It is based on the proceedings of the G20 international conference held in New Delhi featuring 40 leading experts from 14 countries across the world.

MAJOR POINTS

• It emphasized on reforming the structure of the Multilateral Development Banks (MDBs) for improving capital mobilisation, better project implementation and making sustainable infrastructure an asset class.
• There is a global requirement of USD 3 trillion over the next decade to finance green growth and hence there is an urgent need to mobilise both public and private finance.
• Efforts should be directed towards ensuring macroeconomic stability and promoting inclusive growth alongside effective transfer, adjustment and training policies.