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India’s Sitharaman seeks deeper global economic ties at G20 meetings
🇴🇲 Oman /Economy & Trade

India’s Sitharaman seeks deeper global economic ties at G20 meetings

From Times of Oman · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement Context piece
  • Indian Finance Minister Nirmala Sitharaman promoted deeper trade, investment and financial cooperation during bilateral meetings on the sidelines of the G20 finance meeting in Asheville.
  • Talks with the World Bank and IMF covered India’s development financing, infrastructure, private capital, economic growth and surveillance frameworks.
  • Meetings with ministers from Poland, Qatar, Russia and South Korea addressed trade, energy, infrastructure, technology, critical minerals and supply chains.

Nirmala Sitharaman used meetings on the sidelines of the G20 Finance Ministers and Central Bank Governors gathering in Asheville to press for wider economic partnerships, with infrastructure, emerging technologies and private capital at the center of the discussions.

In talks with World Bank President Ajay Banga, India’s finance minister welcomed the continued engagement and speedy processing of the bank’s $1.5 billion Development Policy Financing. They also discussed expanding the Multilateral Investment Guarantee Agency’s role through guarantees and increased private-capital mobilisation in corporate, infrastructure and municipal bond markets.

Banga praised what India’s finance ministry described as a major transformation in the country’s infrastructure. The ministry said the World Bank Group could further support India’s development ambitions through MIGA engagement and political-risk insurance for Indian companies investing abroad.

robust, evidence-based surveillance frameworks

— Nirmala SitharamanShe said international economic monitoring should reflect structural changes in emerging and developing economies.

Sitharaman also met IMF Managing Director Kristalina Georgieva to discuss the global economic outlook and India’s growth trajectory. The ministry said Georgieva praised India’s strong economic performance and resilience. Sitharaman called for "robust, evidence-based surveillance frameworks" that reflect structural changes in emerging and developing economies.

Separate meetings covered a broad range of partnerships. With Poland’s Andrzej Domanski, she discussed trade, services, defence, energy security and emerging technologies. Qatar’s Ali bin Ahmed Al Kuwari invited her to the Asian Infrastructure Investment Bank’s annual board meeting in Doha in September 2026, while talks with Russia focused partly on the New Development Bank and AIIB. South Korea’s Koo Yun-cheol discussed financial cooperation, critical minerals, resilient supply chains and greater investment. The ministry said Koo called for India and South Korea to "further develop stronger bilateral cooperation" to expand trade and investment.

further develop stronger bilateral cooperation

— Koo Yun-cheolThe South Korean deputy prime minister used the phrase while discussing expanded trade and investment ties with India.
About this summary

Originally published by Times of Oman in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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