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7th Annual Meeting Of The Board Of Governors Of AIIB

7th Annual Meeting Of The Board Of Governors Of AIIB:

Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman recently attended the 7th Annual Meeting of the Board of Governors of AIIB via video conference.

  • The theme of this year’s Annual Meeting was “Sustainable Infrastructure Toward a Connected World”.
  • Asian Infrastructure Investment Bank is a multilateral development bank that aims to improve economic and social outcomes in Asia.
  • Headquarters: Beijing, China.
  • All powers of the Bank are vested in our Board of Governors, which is the highest decision-making body under our Articles of Agreement.
  • AIIB has 105 members. China is the AIIB’s largest shareholder with a 26.5% voting share.
  • India is the second-largest, with 7.5%, followed by Russia, which has a 5.97% voting share.
  • India is a Founding Member of AIIB. India also has the largest project portfolio within AIIB.