Sitharaman holds bilateral meetings on sidelines of Paris Summit

New Delhi: 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 outcomes of Paris Summit can provide political momentum to ongoing G20

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. She also met Brazilian Minister of Finance Haddad Fernando and discussed the upcoming G20 India and Finance Track outcomes.

Both ministers exchanged views on synergising common efforts at G20 India & COP28

In her discussion with UAE Minister of Industry and Advanced Technology Sultan Ahmed Al Jaber, both ministers exchanged views on synergising common efforts at G20 India and COP28 by prioritising concerns of the developing world in the global climate policy dialogue.

Sitharaman is in Paris to attend the two-day summit, scheduled during June 22-23, being co-organised by France, Barbados, and India. The objective of the summit New Global Financing Pact' is to set the foundations for a new global financing architecture beyond the Bretton Woods system to address climate change, biodiversity crisis, and development challenges.

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