Current Context: Union Minister of Finance and Corporate Affairs Nirmala Sitharaman attended the virtual 5th Annual Meet of the Board to Governors of AIIB (Asian Infrastructure Investment Bank).
- The theme for the meet was ‘AIIB 2030- Supporting Asia’s Development over the Next Decade’.
- The delegated participated in the meet discussed the impact of the Bank’s future and covered the official business aspects.
- They also held a discussion on the election of president of AIIB.
- Union Finance minister praised AIIB for granting financial assistance of about $ 10 billion to India to tackle COVID-19 pandemic.
- Static Part:
- HQ of AIIB: Beijing, China
- President of AIIB: Jin Liqun
