Sitharaman Reviews Preparations for BRICS Finance Meeting in Mumbai

Source: Lokmat Times | Original Published At: 2026-09-07 15:42:56 UTC

Key Points

• Nirmala Sitharaman met senior Department of Economic Affairs officials to review BRICS Finance Track outcomes and prepare for the Mumbai meeting ahead of the Leaders’ Summit.
• The September 9–10 meeting follows last month's BRICS finance ministers and central bank governors meeting in Jaipur under India's chairship.
• At the Jaipur meeting, Sitharaman highlighted multilateral development banks' role in reducing investment risks and attracting private capital.
• She called for partnerships among multilateral institutions, national governments and the private sector to support development finance.
• India's examples included viability gap funding, the hybrid annuity model, credit enhancement mechanisms and Infrastructure Investment Trusts to support infrastructure investment.