Multilateral agencies should provide more funds to deal with future pandemic situations: FM Sitharaman

Sitharaman urged multilateral financial institutions to increase funding especially to low and middle income countries to prepare them to deal with pandemic situations in the future.

New Delhi: Finance Minister Nirmala Sitharaman on Thursday urged multilateral financial institutions to increase funding especially to low and middle income countries to prepare them to deal with pandemic situations in the future.

Participating in a virtual panel discussion at a G20 meeting being held at Bali, Indonesia, the minister said that low income and middle income countries do not have enough resources and need global support to face challenges.

"It's apparent now for more that has been discussed from the morning and even in this panel that investment should happen now for a safer future is agreed upon," she said while sharing her views on mobilising finance for global public goods.