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Sitharaman Calls for Global Financial Reforms at Summit
Hindustan Times Delhi
|July 02, 2025
Finance minister Nirmala Sitharaman called for urgent reforms to the global financial architecture, along with scaled-up climate finance and sovereign debt restructuring, especially for vulnerable economies and the Global South.
NEW DELHI:
Speaking at the fourth International Conference on Financing for Development on Tuesday in Spain's Seville, the finance minister said a decisive and transformative global response is needed as progress on the United Nation's (UN's) sustainable development goals (SDGs) remains off-track.
The SDGs, agreed by all governments, include non-binding targets such as removing poverty and hunger, and ensuring good health, quality education and gender equality by 2030.
Sitharaman also noted that the financing gap for developing countries has widened beyond $4 trillion annually.
This story is from the July 02, 2025 edition of Hindustan Times Delhi.
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