New Delhi, July 2 -- Finance Minister Nirmala Sitharaman on Tuesday strongly advocated for comprehensive reforms to the international financial architecture, calling for changes in multilateral development bank (MDB) operations, credit rating methodologies, and global tax systems.

Her remarks came during the 4th International Conference on Financing for Development (FFD4), held in Seville, Spain.

Highlighting the need for greater inclusivity and equity, Sitharaman pressed for a restructuring of MDBs to better align lending practices with long-term development goals.

"MDB lending must be backed by robust monitoring frameworks to ensure funds are used effectively," she said, stressing the importance of transparency and accountability in ...