Finance Minister Nirmala Sitharaman chaired the Roundtable on Disaster Resilient Infrastructure on the sidelines of the World Bank and IMF Annual Meetings in Washington, DC, USA, last night. The Finance Ministry said during the meeting Mrs. Sitharaman stressed the danger of the development gains being undercut by increasing climate-induced risks to infrastructure and the critical services it supports.
The Minister also participated in the Global Sovereign Debt Roundtable on the sidelines of the World Bank and IMF Annual Meetings. During the meeting, she called for a deeper dialogue to help countries meet debt obligations without compromising critical investments. She also cautioned against contingency financing instruments as…