All nations must work together to secure a long-term, inclusive recovery: FM

Finance Minister Nirmala Sitharaman said on Thursday that for a strong, sustainable, and inclusive recovery of the global economy hit by the outbreak of the COVID-19 pandemic, it is critical to ensure collective progress of all countries. She said this,  while participating virtually at the G20 International Seminar hosted in Bali by the G20 Presidency of Indonesia.

The finance minister emphasised the need of multilateralism and concerted action in reaching the aim of global recovery. She also emphasised the significance of inclusiveness, investment, innovation, and institutions in assisting the global recovery process.

To overcome the divergences in the global economic recovery, she emphasised the necessity of maintaining inexpensive and fair access to vaccines and treatments. In this regard, she stated that India has administered over 1.25 billion vaccine doses and provided over 72 million vaccine doses to over 90 countries, including through grants, demonstrating India's commitment to coordinated global action.

She emphasised the need of green investments in governments' rebuilding efforts, and she urged the G20 to consider how climate finance and green technologies might be made available to developing nations to reward and expedite their efforts toward green growth.

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