In some countries like those in Africa that do not have market infrastructure from where the bank can borrow, it may not adopt the local currency lending strategy, Kant said.
India has a 'huge advantage' in local currency borrowing compared to the World Bank, she noted.
''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,'' she was quoted as saying by a news agency.
She was addressing a recent event on global economy organised by the ministry of finance and the Reserve Bank of India as part of India's G-20 presidency.
Foreseeing a need for coherence between fiscal and monetary policies, chief economic advisor to the Indian government V Anantha Nageswaran said global inflationary pressures are easing more than expected and persistence of core inflation globally continues to be a cause of concern.
ALCHEMPro News Desk (DS)
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