Canadian pensions funds would be keen to explore investing in infrastructure funds in India as the country offers a stable investment climate, finance minister Chrystia Freeland said on Sunday.

The progress on bilateral trade discussions was discussed during a meeting between G20 finance ministers and central bankers that the finance minister Nirmala Sitharaman had with Freeland, according to a tweet from the finance ministry.

“The two ministers also discussed the progress being made on the ongoing various trade-related negotiations between India and Canada,” the ministry said.

The ministers also talked about maintaining a positive attitude while contributing to the development of the G20 Finance Track work streams.

On Sunday, Sitharaman emphasised the significance of using novel approaches to draw in private capital, close funding shortages, and promote the long-term growth of urban infrastructure.

Speaking at the “G20 Infrastructure Investment Dialogue,” the minister noted that the tightening of monetary policy in important markets has made the situation regarding financing infrastructure even more difficult.

The tight monetary policy causes interest rates to rise and the burden of debt repayment to increase. Sitharaman said at separate G20 track for expanding the global architecture’s ability to tackle financial crimes, money laundering, and the sharing of knowledge about various asset classes, including cryptocurrencies.