‘Support needed from financial institutions to achieve Sustainable Development Goals’- FM
New Delhi| Finance Minister Nirmala Sitharaman participated in the G7 African Ministerial Roundtable held in Washington, USA. During this, she demanded more support from international financial institutions to achieve the Sustainable Development Goals (SDGs). The Finance Ministry gave this information in a post shared on social media platform X.
The Finance Ministry wrote in the post that Finance Minister Nirmala Sitharaman focused on seeking support from international financial institutions. Especially multilateral development banks (MDBs) were demanded to increase credit capacity so that the Sustainable Development Goals can be achieved. The G7 African Ministerial Roundtable discussed solutions to finance challenges and development initiatives in Africa. During this, the Finance Minister urged to increase access to long-term and affordable financing.
During the conference, Finance Minister Nirmala Sitharaman also mentioned the deep partnership between India and Africa. Finance Minister Sitharaman said, ‘Prime Minister Narendra Modi has redefined the India-African partnership with 10 guiding principles aimed at supporting Africa’s development through capacity building, enhanced public services and addressing climate change’ The Finance Ministry informed that the Union Finance Minister underlined India’s support by offering technical expertise and technology transfer to Africa in areas such as infrastructure development and health sector. The Minister of Finance also attended the Annual Meeting 2024, organized by the World Bank Group in Washington DC. During the event, the Union Minister met Geeta Gopinath, First Deputy Managing Director (FDMD) of the International Monetary Fund and congratulated the FDMD on the successful organization of the Annual Meeting 2024.
