Finance Minister Nirmala Sitharaman on Wednesday said the Asian Infrastructure Investment Bank (AIIB) should continue to focus on a client-centric approach and facilitate low-income countries to avail financial resources through technical assistance.
During a meeting with AIIB President Jin Liqun ahead of the 9th Annual Meeting of Board of Governors in Samarkand (Uzbekistan), she appreciated AIIB’s rapid growth in a short span of nine years.
“The Union Finance Minister suggested that @AIIB_Official should continue strengthening its client centric approach and facilitate member countries, particularly Low-Income Countries to avail financial resources through technical assistance and other non-financial services,” the Finance Ministry said in a post on X.
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India is the second largest shareholder and the largest client, the AIIB President appreciated India’s contributions to the governance and overall growth of the bank and expressed to explore opportunities to further strengthen the ties with India.
As a multilateral development bank, Beijing-based AIIB is focused on developing sustainable infrastructure in Asia and promoting investments in infrastructure and other productive sectors, to foster sustainable economic development, creating wealth, and improving infrastructure connectivity.
Earlier in the day, Sitharaman also met Qatar Finance Minister Ali bin Ahmed Al Kuwari and discussed bilateral trade, investments, digital public infrastructure and bilateral investment treaty (BIT) among others.