FM Nirmala Sitharaman attends Special Board of Governors meeting of NDB through video conference

Union Finance Minister Nirmala Sitharaman attended the Special Board of Governors meeting of the New Development Bank (NDB) through video conferencing in New Delhi yesterday. She commended the contribution of NDB in funding the infrastructure development, which has positively impacted the development agenda of the member countries, including India.

The meeting also witnessed the election of Mr Marcos Troyjo from



Brazil as the new President of the Developmental Bank. Finance Minister commended the efforts of the outgoing President of the bank, Mr. K. V Kamath, for his role in very quickly giving shape to the vision stated by the BRICS Leaders in 2014. Lauding his efforts, Ms. Sitharaman also made a reference of the COVID-19 Emergency Programme Loan which was initiated by Mr. Kamath.