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.

Next Story
Infrastructure Urban

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Next Story
Real Estate

Pidilite Elevates Construction with PPS

Pidilite Industries introduced Pidilite Professional Solutions (PPS) — a dedicated vertical for the construction and interiors ecosystem — at ACETECH Bengaluru 2025. Designed to empower architects, developers, contractors, and interior specialists, PPS delivers comprehensive support that extends far beyond products to ensure project excellence from concept to completion. Kavinder Singh, Joint Managing Director, Pidilite Industries, noted, “At Pidilite, we believe in enabling the construction fraternity to build boldly and sustainably. With Pidilite Professional Solutions (PPS),..

Next Story
Infrastructure Transport

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?