BRICS economies face common structural constraints in mobilising private capital at scale: FM Sitharaman

Jaipur, Aug. 12 -- union Finance Minister Nirmala Sitharaman said while the BRICS economies represent major growth engines of the global economy, they also face common structural constraints in mobilising private capital at scale.

The challenge is not merely the availability of capital, but the creation of confidence, stability, predictability, and credible long-term frameworks which are essential to unlock sustained private participation across member countries,Sitharaman said this while delivering the keynote address at a seminar on the sidelines of the BRICS Finance Minsters' and Central Bank Governors (FMCBG) Meeting, held here Wednesday.

The topic of the seminar was "The Role of the New Development Bank in Mobilising Private Capital ...