aiib: FM Nirmala Sitharaman suggests AIIB to make use of modern financing methods to handle infra wants

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Gandhinagar, Finance minister Nirmala Sitharaman on Sunday instructed the Asian Infrastructure Funding Financial institution (AIIB) to make use of modern financing methods to raised deal with infrastructure wants of member nations. Sitharaman met Jin Liqun, President, AIIB, in Gandhinagar on the sidelines of the third G20 Finance Ministers and Central Financial institution Governors #G20FMCBG assembly and mentioned the position of #MDBs, together with @AIIB_Official in addressing the present international developmental challenges.

“Whereas discussing problems with relevance to India and @AIIB_Official, FM Smt. @nsitharaman instructed that @AIIB_Official ought to additional use modern financing and financing devices in order to raised deal with the #infrastructure necessities of member nations,” the finance ministry tweeted.

Whereas appreciating AIIB’s assist for #G20India Presidency, the minister highlighted the necessity for #MDB reforms and the significance of coordination and collaboration amongst #MDBs.

“Being the Governor of second largest shareholder of @AIIB_Official, Union Finance Minister Smt. @nsitharaman additionally mentioned essential points referring to governance, personnel and approvals of Indian initiatives in Uttarakhand, Himachal Pradesh and different border states in India,” the tweet added.

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