He further said that India is also fulfilling its promises at the Paris Agreement data fastpace and is moving in the right direction
Paris financing summit falls short of its targets
"We ... expect an overall increase of $200 billion of MDBs' lending capacity over the next ten years by optimising their balance sheets and taking more risks," the summit's final statement said
Finance Minister Nirmala Sitharaman on Friday held a series of bilateral meetings with her counterparts in France, Brazil and UAE on the sidelines of the Paris summit on the new global financing pact. Sitharaman met France's Minister of Economy, Finance and Industrial and Digital Sovereignty Bruno Le Maire and exchanged views on key G20 deliverables under Indian Presidency, including strengthening MDBs (multilateral development banks) and managing debt vulnerabilities, among other issues. Sitharaman expressed hope that the outcomes of the Paris Summit can provide political momentum to ongoing G20 and other multilateral efforts in the UN, World Bank and CoP28. Sitharaman also met Brazilian Minister of Finance Haddad Fernando and discussed the upcoming G20 India and Finance Track outcomes. "@Haddad_Fernando supported #G20India Presidency efforts and also appreciated the works under #G20India Presidency. FM Smt. @nsitharaman extended India's support to the upcoming #G20Brazil Preside
Finance Minister Nirmala Sitharaman on Thursday discussed G20 efforts to strengthen multilateral development banks (MDBs) to address the global challenges of the 21st century. Sitharaman, who attended the Paris summit on 'New Global Financing Pact', participated in a round table on 'Evolving the model of MDBs to address 21st-century challenges', a finance ministry tweet said. The Union finance minister highlighted the contribution of the G20 India Presidency on Capital Adequacy Framework (CAF) reforms and the G20 Expert Group on strengthening MDBs. "FM Smt. @nsitharaman discussed #G20 efforts to #strengthenMDBs to address the global challenges of 21st century. Work on #CAF recommendations will enable #MDBs to utilise their existing resources more effectively," the tweet said. An expert group is examining how the lending capacity of the MDBs can be substantially enhanced to help developing nations meet sustainable development goals (SDGs) and eliminate poverty. The finance minister
Will attend summit on setting up a new global financing architecture to address climate change, biodiversity crisis
Israeli PM Benjamin Netanyahu has said that direct negotiations, without preconditions, are the best way to reach a final agreement