Finance Minister Nirmala Sitharaman on Friday emphasised the need for decisive collective action by the Global South to deal with multiple uncertainties arising out of fiscal constraints in several economies and evolving geopolitical dynamics.
Nirmala Sitharaman urged decisive action from the Global South to address economic uncertainties and geopolitical issues at the New Development Bank meeting in Brazil. She highlighted the NDB’s crucial role in development finance and infrastructure, emphasizing the need for private capital mobilization and SME support. Sitharaman affirmed India’s commitment to sustainable development and collaboration with the NDB.
She was speaking at the Annual Meeting of Board Governors of the New Development Bank (NDB) at Rio De Janeiro, Brazil on ‘Driving Development: Fostering Innovation, Cooperation, and Impact through a Multilateral Development Bank for the Global South’.
Sitharaman said the meeting is taking place at a defining moment for the Global South, as the world grapples with multiple uncertainties arising from fiscal ..
She was speaking at the Annual Meeting of Board Governors of the New Development Bank (NDB) at Rio De Janeiro, Brazil on ‘Driving Development: Fostering Innovation, Cooperation, and Impact through a Multilateral Development Bank for the Global South’.
Sitharaman said the meeting is taking place at a defining moment for the Global South, as the world grapples with multiple uncertainties arising from fiscal ..
“In response to these challenges, our collective action must be decisive, inclusive, and forward-looking,” she said.
The New Development Bank (NDB) has been established by BRICS nations.
