India's Participation in the 9th AIIB Board of Governors Meeting in 2024
| Category | Details |
|---|---|
| Event | 9th Asian Infrastructure Investment Bank (AIIB) Board of Governors Meeting |
| Date | September 25-26, 2024 |
| Location | Samarkand, Uzbekistan |
| Representative from India | Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman |
| Meeting Theme | "Building Resilient Infrastructure for All" |
| Key Focus | Developing financial tools for climate-resilient infrastructure |
| Climate Policy | Climate Policy-Based Financing (CPBF) introduced in June 2024 |
| Climate Financing | 60% of AIIB's lending in 2024 directed toward climate financing |
| Membership Update | Republic of Nauru approved as the 110th member |
| AIIB Board of Governors | Highest decision-making body; Nirmala Sitharaman (Governor), Ajay Seth (Alternate Governor) |
| About AIIB | Operational since 2016; largest shareholder: China (29.9%); India: second largest (7.74%) |
| AIIB Focus | Sovereign and non-sovereign loans for sustainable and environmentally sound infrastructure |
| AIIB President | Jin Liqun (China) |
| Headquarters | Beijing, China |