Finance Minister embarks on visit to attend Paris Summit for new global financing pact

Finance Minister Nirmala Sitharaman on Wednesday embarked on a visit to France to attend the Paris summit for a 'New Global Financing Pact'. The finance ministry said that on the sidelines of the two-day summit, scheduled during June 22-23, Sitharaman will have multilateral and bilateral engagements with her counterparts.

The summit will bring together heads of state and government, ministers, leaders of key international organizations, global financial institutions, private sector, and civil society representatives. "Union Finance Minister Smt. @nsitharaman embarks on an official visit to Paris, France for the Summit for the #NewGlobalFinancingPact scheduled during 22-23 June 2023," the ministry tweeted.

The summit is being co-organized by France, Barbados, and India. The summit's objective 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.

Delegates engaged in discussions on 'Capacity Building of the Ecosystem for Financing towards Sustainable Development" #SDGs during the opening session of Day  of the 3rd #SFWG meeting under #G20India Presidency in #Mahabalipuram.@g20org pic.twitter.com/MXuVziGg9P

— Ministry of Finance (@FinMinIndia) June 21, 2023

During the official visit, the Union Finance Minister will have multilateral and bilateral engagements with her counterparts. The 2-day Summit will bring together Heads of State and Government, Ministers, Leaders of key International Organisations, representatives of global financial institutions, private sector and civil society representatives.

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