Union Minister for Finance and Corporate Affairs Smt.
@nsitharaman chaired the Roundtable on Disaster Resilient Infrastructure, on the sidelines of the World Bank and IMF
#AnnualMeetings2024, in Washington DC, today.
The Roundtable saw participation from H.E. Situmbeko Musokotwane, Minister of Finance, Zambia; H.E. Lyondo Lekey Dorji, Minister of Finance, Bhutan; H.E. Valery Ramonjavelo, Minister of Transport & Meteorology, Madagascar; H.E. Victor Hugo Guilherme, Minister of Planning, Angola; H.E. MR.
@AbdourazakIBRA3, Minister of Finance, Comoros; H.E. Mr.
@ted_lwamba, Minister of Resources, Democratic Republic of Congo; H.E. Ms. Saada Mkuya Salum, Minister Of Finance, Zanzibar and also representing Tanzania); H.E. Mr.
@Ahmed_shide1, Minister of Finance, Ethiopia; Ms.
@MariaEbiacaMoet, Secretary of State for Planning, Ministry of Finance, Planning & Economic Development, Equitorial Guinea; Ms.
@misumilas, Deputy Administrator, @USAIDPolicy; Mr. Jack Levine, Senior Director for Climate Change, US National Security Council; and Mr. Kevin Macron, French Climate Envoy, Ministry of Europe & Foreign Affairs.
Welcoming all the participants, FM Smt.
@nsitharaman said that Prime Minister Shri
@narendramodi created the Coalition for Disaster Resilient Infrastructure
#CDRI to transform our infrastructure systems for resilience against today's natural disasters and adapt to
#ClimateChange.
FM Smt.
@nsitharaman stressed on the danger of the development gains being undercut by increasing climate-induced risks to
#infrastructure and the critical services it supports.
FM Smt.
@nsitharaman said that over the years, India has ensured resilient
#EconomicGrowth by not only investing in hard infrastructure, but also in building institutional capacity through creating National-and State-level Disaster Management Agencies. She said that during Cyclone Amphan in 2020, India evacuated over 2.4 million people in a coordinated manner, minimising loss of life.
Reassuring India's commitment in sharing best practices during this resilience-building journey, the Union Finance Minister extended assistance to Global South towards shared challenges and said that under
#G20India Presidency a Disaster Risk Reduction Working Group was created to increase commitment to disaster and climate-resilient infrastructure and to prioritize stronger national financial frameworks for disaster risk reduction.
FM Smt.
@nsitharaman said that India is looking forward to partnering with Africa and other developing countries to strengthen their
#resilience of
#infrastructure.