Photo Courtesy: PIB

New Delhi: Recently, the Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman has chaired a Board of Governors’ meeting of the New Development Bank (NDB) through video-conference with an agenda of next President of NDB, the appointment of Vice-President.

While congratulating to the newly-elected President, Mr Marcos Troyjo from Brazil and newly-appointed Vice President and CRO, Mr Anil Kishora from India, the Finance Minister said that she has great expectations from the new leadership in continuing this momentum forward and taking NDB to the next level in terms of lending performance to members, transparency, international credibility and effectively achieving the NDB mandate.

Further, the meeting was held on a contribution of NDB in funding the infrastructure development, that put a positive impact on the development agenda in member countries, including India. However, the Finance Minister revealed that in less than a span of time, NDB has permitted 55 projects of member countries for an amount of $16.6 billion, a huge achievement for the member countries.

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