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Current Affairs

5th Annual Meeting of Board of Governors of New Development Bank

Current Context: Union Minister of Finance & Corporate Affairs Nirmala Sitharaman attendedthe 5th Annual Meeting of Board of Governors of New Development Bank (NDB) via video-conference in New Delhi.
5th Annual Meeting of Board of Governors of New Development Bank
  • In the meeting, the Finance Minister discussed and praised the NDB’s efforts on fast-tracking of financial assistance of about $5 billion to BRICS countries including Emergency Assistance of $1 billion India to combat COVID-19 pandemic.
  • An annual meeting scheme of social support measures amounting to $25 Billion to alleviate the hardship of the poor and the vulnerable and provided insurance cover of $67,000 per person to over 2.2 million frontline health workers was announced.

Static Part:

  • President of NDB– K V Kamath
  • HQ of NDB– Shanghai, China

Question:

Q.1 Who attended the 5th Annual Meeting of Board of Governors of New Development Bank via video-conference?
a. Nirmala Sitharaman
b. Piyush Goyal
c. Amit Shah
d. Rajnath Singh
5th Annual Meeting of Board of Governors of New Development Bank 5th Annual Meeting of Board of Governors of New Development Bank Reviewed by Neha Verma on April 21, 2020 Rating: 5

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