Finance Minister Participates in 114th World Bank Plenary
Ministry of Finance · IR · Posted 15 OCT 2026 9:21PM
What happened
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participated as the Governor of the World Bank in the 114th meeting of the Development Committee Plenary in Bangkok, Thailand, addressing private capital mobilization, job creation, and governance reforms.
Why it matters for UPSC
This event is important for UPSC GS Paper II (International Relations - Multilateral institutions and India's positions) as it illustrates India's policy stance and advocacy for developing nations at global financial bodies like the World Bank.
Key objectives
- Participated in the 114th Meeting of the Development Committee Plenary of the World Bank in Bangkok, Thailand, focusing on 'Private Capital Mobilisation and Jobs'.
- Highlighted that sustainable job creation requires comprehensive ecosystems including macroeconomic stability, physical and digital public infrastructure, and broad-based access to finance and skills.
- Emphasized the need for competitive financing, risk-mitigation instruments, and stronger voice and representation of developing countries in the World Bank's governance architecture.