Nirmala Sitharaman highlights Global South's contributions to foundations of multilateral development banks
Union Finance Minister Nirmala Sitharaman highlighted the contributions of the Global South to the foundations of multilateral development banks at the 1944 Bretton Woods conference and emphasized on embedding diverse voices in decision-making to ensure a truly inclusive and global development framework.
She was speaking at the Development Committee Plenary session on 'A Future-Ready World Bank Group' at the World Bank during the Annual Meetings 2024 in Washington, DC.
In her intervention at the session, Sitharaman urged the World Bank to promote a two-way exchange of innovations, drawing from the transformative experiences of the Global South in areas like digital inclusion and sustainable energy.
In a post on X, the Ministry of Finance stated, «Union Minister for Finance and Corporate Affairs Smt. @nsitharaman participated in the Development Committee Plenary session on 'A Future-Ready World Bank Group' at the @WorldBank during the #AnnualMeetings2024, in Washington D.C., today. In her intervention, the Union Finance Minister noted the pivotal contributions of the #GlobalSouth to the foundations of multilateral development banks at the 1944 Bretton Woods conference and also emphasised on embedding diverse voices in decision-making to ensure a truly #inclusive, global development framework.»
«FM also called for the @WorldBank to promote a two-way exchange of innovations, drawing from the transformative experiences of the #GlobalSouth in areas like #DigitalInclusion and #SustainableEnergy,» it added.
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