India's Finance Minister Nirmala Sitharaman addresses a $4 trillion financing gap for developing countries' SDGs, calling for financial inclusion, multilateral bank reforms, and increased debt relief.

India's Finance Minister Nirmala Sitharaman stressed the urgency of addressing a $4 trillion financing gap to help developing countries achieve their Sustainable Development Goals (SDGs). Speaking at the 3rd Voice of Global South Summit, Sitharaman highlighted the stagnation in implementing many SDGs in developing economies, exacerbated by global uncertainties. She called for financial inclusion, multilateral development bank reforms, and increased debt relief for developing nations to create fiscal space for clean energy spending and attract private investment. Sitharaman urged further collaboration and shared best practices to maximize collective impact and emphasized the need for South-South cooperation to shape global development governance.

August 17, 2024
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