+
India calls for financial viability of infra projects in LMICs
ECONOMY & POLICY

India calls for financial viability of infra projects in LMICs

At the Economic and Social Council (ECOSOC) on Friday, India, represented by its Deputy Permanent Representative to the UN, R Ravindra, has stated that infrastructure investments, especially in low and middle-income countries must follow principles of financial viability to avoid unsustainable debt burdens on such countries. Such a debt burden impacts the social and political turmoil as seen in many countries, and to that extent, all such investments should adhere to universally recognised norms of transparency, respect for sovereignty and national priorities.

India reportedly has emphasised that deliberations on dealing with challenges of debt vulnerabilities of low and middle-income countries should not duplicate mechanisms already in place for addressing these issues — such as G20, IMF, and World Bank — but instead should focus on strengthening productive capacities for promoting sustainable growth, especially in the Least Developed Countries (LDCS), Landlocked Developing Countries (LLDCS), Small Island Developing States (SIDS) and other vulnerable economies. 

The need for increased global cooperation on illicit financial flows like financing of terrorism, cross-border tax evasion, and money laundering was also highlighted. India further pointed out that the developed countries' commitment to climate finance of USD 100 billion per year by 2020 is long overdue.

At the Economic and Social Council (ECOSOC) on Friday, India, represented by its Deputy Permanent Representative to the UN, R Ravindra, has stated that infrastructure investments, especially in low and middle-income countries must follow principles of financial viability to avoid unsustainable debt burdens on such countries. Such a debt burden impacts the social and political turmoil as seen in many countries, and to that extent, all such investments should adhere to universally recognised norms of transparency, respect for sovereignty and national priorities.India reportedly has emphasised that deliberations on dealing with challenges of debt vulnerabilities of low and middle-income countries should not duplicate mechanisms already in place for addressing these issues — such as G20, IMF, and World Bank — but instead should focus on strengthening productive capacities for promoting sustainable growth, especially in the Least Developed Countries (LDCS), Landlocked Developing Countries (LLDCS), Small Island Developing States (SIDS) and other vulnerable economies. The need for increased global cooperation on illicit financial flows like financing of terrorism, cross-border tax evasion, and money laundering was also highlighted. India further pointed out that the developed countries' commitment to climate finance of USD 100 billion per year by 2020 is long overdue.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code