What happened (Keynote in Jaipur on NDB and private capital)
Union Finance Minister Nirmala Sitharaman delivered the keynote at a Jaipur seminar titled “The Role of the New Development Bank in Mobilising Private Capital in Member Countries” on 12 August 2026.
The seminar was held alongside the BRICS Finance Ministers’ and Central Bank Governors (FMCBG) meeting in Jaipur. H.E. Ms. Dilma Rousseff delivered a special address, with participation from Ms. Anuradha Thakur, Secretary, Department of Economic Affairs (DEA), Ministry of Finance, and Mr. Vijay Sankar, Senior Vice President, FICCI.
Background and earlier position (How multilateral development banks support private capital)
Nirmala Sitharaman’s keynote argued that multilateral development banks can help mobilise private capital when they reduce investment risk (de-risking), improve project bankability (making projects financeable), and strengthen investor confidence (trust in stability and long-term execution).
Related current affairs
- Following Tuesday’s talks, India and China agree on boundary-management steps—yet delimitation remains unclear
- BRICS Youth Ministers’ Meeting 2026 Concludes in Visakhapatnam; Joint Statement Adopted
- India hosts 8th BRICS Working Group meeting on Ocean & Polar Science and Technology in Goa
- 12th BRICS Communications Ministers Meeting to be held on 21 August 2026
- Cabinet approves 4 railway projects worth ₹9,450 crore
- BRICS Youth Council Meeting and BRICS Youth Summit held in Gandhinagar under India’s BRICS Chairship 2026