Union Finance Minister Nirmala Sitharaman met with Mr. Emmanuel Bonne, Diplomatic Advisor to the French President, in New Delhi. The meeting served as an opportunity to exchange views on matters of mutual interest, with a particular focus on G20 deliverables under the G20 India Presidency, including the strengthening of Multilateral Development Banks (MDBs) and debt restructuring. During the discussions, Finance Minister Nirmala Sitharaman also expressed her congratulations to the French side for hosting the New Global Financing Pact Summit in Paris on June 22-23, 2023.
Fostering Mutual Interests: Discussions on G20 Deliverables and Strengthening MDBs
The meeting between Finance Minister Nirmala Sitharaman and Mr. Emmanuel Bonne revolved around enhancing cooperation and collaboration on various fronts, with a specific emphasis on the G20 agenda. Both parties engaged in fruitful discussions regarding the G20 deliverables, which play a crucial role in shaping global economic policies. The exchange of views focused on finding common ground and seeking avenues for meaningful collaboration in areas such as sustainable development, trade, finance, and investment.
A key area of interest during the meeting was the strengthening of Multilateral Development Banks (MDBs). Recognizing the significance of MDBs in driving inclusive growth and sustainable development, both sides explored strategies to bolster these institutions further. By enhancing the capabilities and resources of MDBs, countries can effectively address challenges such as infrastructure development, climate change mitigation, and poverty eradication. The discussions aimed to identify areas of convergence, enabling fruitful cooperation between India and France in this critical domain.
Commending French Leadership: Finance Minister Nirmala Sitharaman Congratulates France on the New Global Financing Pact Summit
Finance Minister Nirmala Sitharaman extended her warm congratulations to the French side for successfully hosting the New Global Financing Pact Summit in Paris. The summit, held on June 22-23, 2023, brought together global leaders, policymakers, and financial experts to deliberate on crucial issues related to financing sustainable development. The Finance Minister acknowledged the significance of this initiative in fostering international collaboration and mobilizing resources to support the global development agenda.
By hosting the summit, France demonstrated its commitment to promoting dialogue and cooperation in the realm of global finance. The event served as a platform for sharing best practices, discussing innovative financial mechanisms, and exploring avenues for greater financial inclusion. Finance Minister Nirmala Sitharaman’s commendation of France’s leadership in organizing the summit reflects the mutual admiration and respect between India and France as they work towards common goals of economic progress and sustainable development.
