Finance Minister Nirmala Sitharaman said on Tuesday that the government’s health insurance scheme has catalyzed a large private investment cycle in healthcare infrastructure.
Presiding over the first meeting of BRICS Finance Ministers and Central Bank Governors with Reserve Bank of India Governor Shaktikanta Das, Ms. Sitharaman coordinated more between BRICS member countries on the review of quotas in the International Monetary Fund (IMF) .
Before explaining thematic priorities for the New Development Bank, a multilateral lender backed by BRICS countries, the minister said: “The Prime Minister’s Health Insurance Scheme, using an output-based funding model, will lead to a major private investment cycle in healthcare infrastructure. Has triggered. Enabling significant expansion of health services for able-bodied citizens. ”
Emphasizing the importance of BRICS in response to the COVID-19 crisis through policy support and enhancing international coordination, Ms. Sitharaman highlighted the qualifications for engaging with the private sector and exploring innovative financing models.
“Efforts should be made to deliver results that reflect the needs and aspirations of BRICS, particularly in emerging markets and developing economies,” he said.
As the BRICS President of 2021, India’s approach is focused on strengthening intra-BRICS cooperation on the basis of continuity, consolidation and consensus, the Finance Ministry said, discussing the financial cooperation agenda set by India at the meeting.
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