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.

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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.

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