NEW DELHI: Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, is set to embark on an official visit to Spain, Portugal, and Brazil from June 30 to July 5, 2025. She will be leading a high-level Indian delegation from the Department of Economic Affairs, Ministry of Finance.
Spain: Participation in UN’s FfD4 Conference in Seville
In Seville, Spain, the Finance Minister will represent India at the Fourth International Conference on Financing for Development (FfD4) organized by the United Nations. She is scheduled to deliver India’s national statement, focusing on global financial architecture, sustainable development financing, and the needs of developing economies.
Smt. Sitharaman will also participate in the International Leadership Summit of the Trade Forum, where she will deliver a keynote address. The summit theme is:
“From Outcome to Implementation: Unlocking the Potential of Private Capital for Sustainable Development.”
On the sidelines of FfD4, she will hold bilateral meetings with senior ministers from Germany, Peru, and New Zealand, as well as with the President of the European Investment Bank (EIB).
Portugal: Bilateral Meeting and Investor Engagement in Lisbon
During her stop in Lisbon, Portugal, Smt. Sitharaman is expected to hold a bilateral meeting with the Finance Minister of Portugal. Discussions are likely to focus on enhancing economic ties, investment cooperation, and financial reforms.
She will also engage with key global investors and interact with members of the Indian diaspora community in Portugal.
Brazil: Addressing the 10th Annual Meeting of New Development Bank in Rio de Janeiro
In Rio de Janeiro, Brazil, Smt. Sitharaman, in her capacity as India’s Governor on the Board of the New Development Bank (NDB), will attend and address the 10th Annual Meeting of the NDB.
She will also participate in the BRICS Finance Ministers and Central Bank Governors Meeting (FMCBG) and deliver remarks during the NDB Flagship Governors’ Seminar on the theme:
“Building a Leading Multilateral Development Bank for the Global South.”
In addition, bilateral meetings are scheduled with the Finance Ministers of Brazil, China, Indonesia, and Russia, strengthening India’s multilateral and regional financial cooperation.
(Economy India)
