India's squads for the ODI and Test series against New Zealand were announced on Friday. Before those assignments, the two teams will face off in a five-match T20I series, beginning on October 22. For India, the most crucial leg of the tour will be the two-Test series as they continue their push for a place in the World Test Championship 2027 final. New Zealand have enjoyed a significant edge over India in recent Test encounters, winning six of their last eight matches against them. Jasprit Bumrah has been included in India's Test squad after being rested for the ODI series. The star pacer, who has battled injury concerns in recent years, is expected to be a key weapon for India. However, former New Zealand fast bowler Tim Southee offered an interesting perspective on Bumrah's impact. Southee pointed out that, somewhat surprisingly, Bumrah has never been part of an Indian team that has defeated New Zealand in a Test match. He added that the Kiwis are well aware of how...
US President Joe Biden will urge reforms to the International Monetary Fund (IMF) and the World Bank that will better serve developing country needs at the G20 summit in Delhi next month, the White House said Tuesday.
White House National Security Advisor Jake Sullivan said that the two need to offer a better alternative for development support and financing to what he called China's "coercive and unsustainable lending" through Beijing's Belt and Road Initiative.
"We have heard loud and clear that countries want us to step up our support in the face of the overlapping challenges they face," Sullivan told reporters.
At the G20, Biden "will really focus a lot of his energy while he is there on the modernization of the multilateral development banks, including the World Bank and the IMF," he said.
The aim is to ensure that the development banks offer "high standard, high leverage solutions" to the challenges developing countries face, he said.
He called the two institutions "highly effective and transparent," contrasting that to Beijing's Belt and Road Initiative, a decade-old program to extend China's weight in global development that has involved large infrastructure and industrial loans to poorer countries.
"I am suggesting the World Bank and IMF are a positive, affirmative alternative to what is a much more opaque, or coercive method" of development finance China is offering, he said.
The US will push proposals in Delhi that will increase World Bank and IMF lending power by some $200 billion, he said.
But Sullivan stressed that, as a member of the G20 and a key partner in the IMF and World Bank, China is central to modernizing both institutions.
"So our support for the World Bank and the IMF is not against China," he said.
Sullivan made his comments as a China-dominated forum of major emerging economies, the BRICS, were holding their own summit in South Africa.
The BRICS nations -- Brazil, Russia, India, China, and South Africa -- represent a quarter of the global economy, and interest in joining the club has surged.
"We are not looking at the BRICS as evolving into some kind of geopolitical rival to the United States or anyone else. This is a very diverse collection of countries," said Sullivan.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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