Finance and Corporate Affairs Minister Nirmala Sitharaman urged G7 and G20 countries to step up support to African countries and highlighted India’s commitment to the continent, particularly in areas such as infrastructure development and healthcare.
According to the Ministry of Finance, the finance minister participated in the G7 African Ministerial Roundtable on Saturday (local time).
Addressing a gathering held on the sidelines of the 2024 Annual General Meeting, Ms. Sitharaman said the “10 guiding principles adopted by Prime Minister Narendra Modi” aimed at supporting Africa’s growth by focusing on: He emphasized the deep-rooted partnership between India and Africa redefined. The ministry also added on capacity building, strengthening public services and tackling climate change.
Ministers of Finance underlined the importance of expanding access to long-term and affordable finance for development, highlighting the importance of expanding access to long-term, affordable finance for development, It called for structural reforms and policy measures to facilitate resource mobilization and attract foreign investment. Development Goals (SDGs).
Ms. Sitharaman particularly emphasized the need for increased support from international financial institutions, and emphasized that strengthening the lending capacity of multilateral development banks (MDBs) is essential to effectively achieving the SDGs.
Earlier, the Union Minister met with First Deputy Managing Director (FDMD) of the International Monetary Fund, Gita Gopinath, and congratulated her on the successful organization of the 2024 Annual Meeting. She further expressed optimism for continued cooperation and highlighted the recent Union Budget. Minister of Finance and Corporate Affairs Nirmala Sitharaman today met Gita Gopinath, First Deputy Managing Director of the International Monetary Fund (FDMD), in Washington, DC. Union Finance Minister congratulated FDMD on its achievement. The Prime Minister expressed optimism for the successful conduct of the 2024 Annual Meeting and continued cooperation, and highlighted the recent Union Budget announcement with a focus on jobs and skills, “We requested India’s support for the 16th General Review of Quotas (GRQ),” the finance ministry said. At the X post.
Mr. Gopinath also welcomed Mr. X, saying it was “great” to reunite with the finance minister.
He said India will continue to be the world’s fastest growing major economy, with growth expected to be 7 per cent in the fiscal year 2024-25.
“It will be great to meet again with India’s Finance Minister Nirmala Sitharaman to discuss India’s economic outlook and global challenges. will continue to be the largest growing economy in India,” Gopinath said.
