5th Annual Meeting of Board of Governors of AIIB

Union Minister of Finance & Corporate Affairs Nirmala Sitharaman attended the 5th Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB) through video conference in New Delhi .
The Annual Meeting of the Board of Governors (BoG) meet to take key decisions that impact the Bank’s future every year.
The ministers discussed the meeting broadly covered official business including the election of the President of the AIIB.
The discussion was based on the theme 'AIIB 2030-Supporting Asia’s Development over the Next Decade'.
India appreciated AIIB's efforts for fast tracking financial assistance of about $10 billion to its member countries including India to combat the COVID-19 pandemic.
India also highlighted Prime Minister Narendra Modi’s initiative of creating a COVID-19 Emergency Fund for SAARC Nations and the country's participation in the “G20 Debt Service Suspension Initiative”.