to be de-bottlenecked," Mayaram said.
This is the reason why, he added, that India has been insisting for a greater involvement of the MDBs in infrastructure financing to help catalyse private sector flows into the sector.
"This does not mean that we are seeking any concessional finance. We are merely requesting for level playing in the area of infrastructure development," he said.
Mayaram said: "This will not only play a significant role in sustaining the global recovery and re-balancing, but will also contribute to a much needed global demand in the short run.
"In this regard, we urge that the proposed Global Infrastructure Facility at the World Bank must have a more sophisticated design and reflects truly the full commitment of
the member countries, including the industrialised countries."