Overview

• At the UN’s Fourth International Conference on Financing for Development in Seville, Sitharaman outlined a seven-point strategy to unlock private investment in sustainable development across emerging economies.
• She urged sovereign credit rating reforms and stronger multilateral development banks to better reflect the priorities and strengths of Global South nations.
• On the sidelines of the Seville summit, the finance minister held bilateral talks with European counterparts including ministers from Germany, Peru and New Zealand and with European Investment Bank president Nadia Calviño.
• She highlighted India’s tax and digital reforms that have increased revenue, reduced compliance costs and helped lift 250 million people out of multidimensional poverty.
• Her itinerary now moves to Lisbon for investor and diaspora engagements before concluding in Rio de Janeiro at the New Development Bank annual meeting and the BRICS finance ministers summit.