News Snapshot:
Finance Minister Nirmala Sitharaman on Tuesday said the Asian Infrastructure Investment Bank (AIIB) and similar institutions should raise private sector capital, which will help in inclusive growth. Participating in the sixth annual meeting of the Board of Governors of AIIB, the Finance Minister said that it should explore investment opportunities for the development of social infrastructure. Ms Sitharaman said that the importance of multilateral development banks has been understood post the coronavirus pandemic, multilateral development finance has an important role to play in the current scenario. Assuring India’s cooperation and support to AIIB for future endeavours, he urged the Beijing-based...
