New Delhi, July 1 -- Finance minister Nirmala Sitharaman called for urgent reforms to the global financial architecture, along with scaled-up climate finance and sovereign debt restructuring, especially for vulnerable economies and the Global South.

Speaking at the 4th International Conference on Financing for Development (FFD4) on Tuesday in Seville, Spain, Sitharaman said a decisive and transformative global response is needed as progress on the United Nation's sustainable development goals (SDGs) remains off track.

The SDGs, agreed to by all governments, include non-binding sustainable development targets such as removing poverty and hunger, and ensuring good health, quality education, and gender equality by 2030.

Sitharaman also no...