Sitharaman highlights need to keep supply chains open for vaccine raw materials to combat Covid
New York, October 18
Finance Minister Nirmala Sitharaman has highlighted the need for an international financial architecture to fight the Covid pandemic across the globe and stressed on the importance to keep the supply chains open for vaccine raw materials.
Sitharaman, participating in the 36th Annual G30 International Banking Seminar virtually here on Sunday, spoke on the panel about Financing the Commons, Climate and pandemic security, the Finance Ministry tweeted.
She “stressed on focused mobilisation and #equitableallocation of finances and #techsolutions to successfully harness the global #commongood of #climate and #pandemic security,” it said.
Sitharaman highlighted the need for an international financial architecture to fight the Covid pandemic across the globe and supported the need for new financial instruments to focus and press forward green initiatives.
She underlined the need for the World Health Organisation (WHO) to be strengthened for a more effective response to new challenges.
The minister stressed on the need to keep open supply chains for vaccine raw materials, the ministry said.
India has been highlighting the importance of enhancing the resilience of supply chains and greater engagement in the Indo-Pacific region, especially after the pandemic caused disruptions in the existing supply chains.
Sitharaman, who arrived here on Friday after her visit to Washington DC, also addressed a gathering of women entrepreneurs of Indian-origin in New Jersey, where she spoke on India’s robust economic recovery and the road ahead and the opportunities India has to offer to the world.
In Washington, she participated in the annual meetings of the World Bank and the International Monetary Fund. PTI
