Date: 2025-06-30Category: Not ApplicableState: Union GovernmentCountry: India
Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman embarks on official visit to Spain, Portugal and Brazil from 30th June to 5th July 2025
From June 30th to July 5th, 2025, Union Minister for Finance and Corporate Affairs Nirmala Sitharaman will lead an Indian delegation from the Department of Economic Affairs, Ministry of Finance, on an official visit to Spain, Portugal, and Brazil. In Seville, Spain, the Finance Minister will attend and deliver a statement at the 4th International Conference on Financing for Development (FFD4) organized by the United Nations. She will also deliver a keynote address at the International Business Forum Leadership Summit, focusing on leveraging private capital for sustainable development. On the sidelines of FFD4, bilateral meetings are scheduled with senior ministers from Germany, Peru, and New Zealand, as well as the President of the European Investment Bank (EIB). In Lisbon, Portugal, a bilateral meeting with the Minister of Finance, Portugal, is planned, along with interactions with investors and the Indian diaspora. In Rio de Janeiro, Brazil, the Finance Minister will address the 10th Annual Meeting of the New Development Bank (NDB) as India's Governor and participate in the BRICS Finance Ministers and Central Bank Governors Meeting (FMCBG). As part of the NDB meetings, she will also speak at the NDB Flagship Governors Seminar on building a premier multilateral development bank for the Global South. Bilateral meetings are also scheduled with her counterparts from Brazil, China, Indonesia, and Russia during the NDB meetings.
Key Entities Referenced
Smt. Nirmala Sitharaman: Union Minister for Finance and Corporate Affairs of India
Spain: Country visited by the Union Finance Minister
Portugal: Country visited by the Union Finance Minister
Brazil: Country visited by the Union Finance Minister
4th International Conference on Financing for Development FFD4: Conference organized by the United Nations, attended by the Union Finance Minister in Seville, Spain.
New Development Bank NDB: Multilateral development bank where the Union Finance Minister will address the 10th Annual Meeting as India's Governor in Rio de Janeiro.
BRICS Finance Ministers and Central Bank Governors Meeting FMCBG: Meeting held in Rio de Janeiro, attended by the Union Finance Minister.
European Investment Bank EIB: Organization whose President will meet with Smt. Sitharaman on the sidelines of the FFD4.
Ministry of Finance
Union Minister for Finance and Corporate Affairs
Smt. Nirmala Sitharaman embarks on official visit to
Spain, Portugal and Brazil from 30th June to 5th July
2025
Union Finance Minister will address at 4th
International Conference on Financing for
Development (FFD4) organised by United Nations
FM Smt. Sitharaman will address the 10th Annual
Meeting of New Development Bank (NDB) as India’s
Governor and also attend 1st BRICS Finance
Ministers and Central Bank Governors Meeting
(FMCBG) in Rio de Janeiro
Posted On: 30 JUN 2025 11:40AM by PIB Delhi
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman will lead the Indian delegation
from the Department of Economic Affairs, Ministry of Finance, on an official visit to Spain, Portugal and
Brazil from 30th June to 5th July 2025.As part of her visit to Seville, Spain, the Union Finance Minister will attend the 4th International
Conference on Financing for Development (FFD4) organised by the United Nations, and deliver a statement
on behalf of India.
The Union Finance Minister will also participate and deliver a keynote address at the International Business
Forum Leadership Summit on “From FFD4 Outcome to Implementation: Unlocking the Potential of Private
Capital for Sustainable Development”, in Seville. On the sidelines of the FFD4, Smt. Sitharaman will meet
senior ministers from Germany, Peru and New Zealand, and President, European Investment Bank (EIB).
As part of her visit to Lisbon, Portugal, the Union Finance Minister is expected to have a bilateral meeting
with Minister of Finance, Portugal; besides interacting with prominent investors and members of the Indian
diaspora.
At Rio de Janeiro, the Union Finance Minister will address the 10th Annual Meeting of New Development
Bank (NDB) as India’s Governor and also attend the BRICS Finance Ministers and Central Bank Governors
Meeting (FMCBG).
As part of the NDB meetings, Smt. Sitharaman will also deliver an address during the NDB Flagship
Governors Seminar on “Building a Premier Multilateral Development Bank for the Global South”.
On the sidelines of the NDB meetings, the Union Finance Minister will hold bilateral meetings with her
counterparts from Brazil, China, Indonesia and Russia.
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NB/KMN
(Release ID: 2140693)