NEW DELHI: Union Finance Minister Nirmala Sitharaman on Friday met Asian Infrastructure Investment Bank President Jin Liqun to discuss current and proposed issues related to the Bank and India.
“Mr. Jin Liqun, President, @AIIB_Official met Union Finance Minister Smt. @nsitharaman, in New Delhi, today, in his capacity as the Bank’s 2nd largest shareholder Governor. They discussed current and proposed issues related to the Bank and India,” the Finance Ministry said in a tweet.
Sitharaman suggested the Asian Infrastructure Investment Bank should increase investment and mobilize private finance in India’s key priority areas including renewable energy.
“While appreciating AIIB’s growing portfolio in India, FM Smt. @nsitharaman suggested that @AIIB_Official should increase #investment and mobilize private finance in India’s key priority areas including #RenewableEnergy, #EnergyEfficiency and climate #SmartTechnology,” the ministry said in a tweet.
“As India is @AIIB_Official’s largest client, FM Smt. @nsitharaman reiterated that AIIB should plan to establish a regional presence in India to facilitate dialogue and outreach to project authorities,” he added.
The Finance Minister had said last month that to ensure a meaningful impact and resources are not spread across multiple areas, the AIIB should increase investment in key priority areas such as clean energy and energy efficiency, disaster-resilient infrastructure, social infrastructure with special characteristics. focus on education and health, and digital infrastructure. The minister attended the 7th annual meeting of the governing board of the Asian Infrastructure Investment Bank (AIIB) via video conference from New Delhi.