Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman participated in the 6th Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB) via video conference from New Delhi on October 26, 2021.
- Every year at the Annual Meeting, the Board of Governors meets to take key decisions on important matters relating to AIIB, and its future vision.
- AIIB began operations in 2016 with 57 founding Members (37 regional and 20 nonregional). By the end of 2020, we had 103 approved Members
- In 2018, AIIB was granted Permanent Observer status in the deliberations of both the United Nations General Assembly and the Economic and Social Council, the two development-focused principal organs of the global body.
- India is a Founding Member and the second largest shareholder in AIIB. India also has one of the largest project portfolios within AIIB. This year’s Annual Meeting has been jointly organized by AIIB and the Government of United Arab Emirates on the theme of “Investing Today and Transforming Tomorrow”.
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