Closing Remarks by NDB VP&CAO Rajiv Ranjan for the Seminar on the Role of the NDB in Mobilising Private Capital in Member Countries

As we bring this session to a close, I wish to express my sincere gratitude to our distinguished dignitaries Mrs Nirmala Sitharama, Honorable Finance Minister of India and Madam Dilma Rousseff, President of NDB, for their gracious presence and inspiring remarks. I also extend my heartfelt thanks to all the speakers for their insightful contributions, which have made today’s deliberations enriching.

Our discussions today have been both substantive and forward-looking. Insights from policy makers, business associations, leading private sector players, and financial institutions were shared for enhancing enabling conditions and strengthening partnerships. Importantly, the deliberations reflected on how investor confidence in BRICS and other emerging economies can be strengthened through the NDB’s catalytic role.

As Honorable Finance Minister Nirmala Sitharaman clearly articulated, the Bank must help unlock private sector capital, particularly at a time when fiscal space is limited and demands on public capital expenditure are increasing.

NDB President, Madam Rousseff, highlighted that by offering local-currency financing, and innovative solutions, NDB will continue to encourage greater private participation in infrastructure and sustainable development projects.

These remarks continue to guide our strategic direction.