• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Nation

AIIB Must Extend Support For India’s Nextgen Reforms: FM Sitharaman

OMMCOM NEWS by OMMCOM NEWS
November 11, 2024
in Nation

New Delhi:  Finance Minister Nirmala Sitharaman said on Monday that the Asian Infrastructure Investment Bank (AIIB) should broaden its investment in priority sectors of climate adaptation and resilience, infrastructure development, energy security, urban development and extend support for India’s next-generation reforms.

She also stressed upon the importance of continually incorporating finance plus and budget plus elements in AIIB’s project design and implementation.

FM Sitharaman held a meeting with the AIIB delegation, comprising 11 officials of the Board of Directors of AIIB from nine different constituencies, senior representatives of the AIIB Management who are on a visit to India. The Finance Minister is also Governor on the AIIB Board.

The key purpose of the AIIB Board visit to India is to provide the Board of Directors a holistic insight into the AIIB’s ongoing and planned investments in its member countries and provide an opportunity to engage with the government, private sector and other stakeholders.

Appreciating the AIIB for its remarkable growth over the past nine years, the Finance Minister underlined India’s strong macroeconomic fundamentals and its demonstrated leadership in creating and harnessing the power of digital public infrastructure.

Sitharaman mentioned that India’s experience of digital transformation can serve as a model for other countries seeking to harness digital solutions for inclusive growth and also India’s rich experience in disaster management, which can be of value to several vulnerable economies.

The Finance Minister stressed on the fact that India has a lot to offer in terms of sectoral best practices and AIIB should develop an institutional mechanism to facilitate transfer of knowledge and technology from India to other similarly placed countries.

She further suggested that AIIB should strive for greater provision of innovative financial tools and models and scale up its efforts for private capital mobilisation and assured the AIIB of India’s full support and cooperation in this regard and added that India could act as a sandbox for AIIB’s piloting of innovative financing models and technologies.

The Finance Minister encouraged AIIB to continue participating in the ongoing work on strengthening and reforming multilateral development banks (MDBs) in line with the recommendations of the Independent Expert Group established under India’s G20 Presidency, including the call for MDBs to work together as a system for greater impact and scale.

She pointed out that India remains committed to governance reforms in MDBs to ensure that MDBs are ‘fit for purpose’ to address contemporary challenges, while remaining inclusive and responsive to the needs of all members particularly of Low-Income Countries (LICs).

Prior to the meeting, the delegation visited the Regional Rapid Transit System (RRTS) project being financed by the Asian Development Bank (ADB), AIIB and the New Development Bank (NDB). The delegation will also visit other project sites in Bengaluru and interact with leading technology sector representatives.

Besides, the delegation participated in a roundtable discussion with other multilateral and bilateral agencies and project implementing agencies of India to facilitate a robust exchange of information and experiences focussing on India’s development priorities, investment landscape and operational challenges while exploring further opportunities for collaboration and investment.

(IANS)

Tags: Nirmala Sitharaman
ShareTweetSendSharePinShareSend
Previous Post

New CJI Sanjiv Khanna Aims To Reduce Trial Duration

Next Post

PM Modi Congratulates ‘Friend’ Ramgoolam On ‘Historic Electoral Victory’ In Mauritius

Related Posts

Nation

‘Architect Of Viksit Bharat’: BJP Leaders Hail PM Modi’s 25 Years Of Public Service

October 7, 2025
Nation

Vision Bharat AI Film Challenge Inspires To Make Micro AI Films On PM Modi’s Life

October 7, 2025
Nation

I’ve Seen Several Deepfake Videos Of Myself, Time To Boost Cyber Defences: Sitharaman

October 7, 2025
Nation

Cabinet Okays 4 Multi-Tracking Railway Projects Worth Rs 24,634 Crore

October 7, 2025
Nation

Time Ripe To Have 1st Indian Defence Unicorn Soon: Rajnath Singh

October 7, 2025
Gandhinagar: Union Home and Cooperation Minister Amit Shah lights a ceremonial lamp during the fifth All India Official Language Conference on Hindi Diwas, at Mahatma Mandir in Gandhinagar on Sunday, September 14, 2025. Gujarat Chief Minister Bhupendra Patel is also present. (Photo: IANS/X/@Bhupendrapbjp)
Nation

HM Shah Approves Additional Rs 707 Crore For Flood-Hit Assam, Gujarat

October 7, 2025
Next Post

PM Modi Congratulates 'Friend' Ramgoolam On 'Historic Electoral Victory' In Mauritius

Omar Abdullah

Omar Abdullah Calls For Sustainable, High-Value Tourism Policy In J&K

AIIB & DEA Delegations Take Ride In NaMo Bharat Trains

Khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.