AIIB should strive for innovative financing tools, greater private capital mobilisation: FM Nirmala Sitharaman
Nirmala Sitharaman on Monday said the Asian Infrastructure Investment Bank (AIIB) should strive for greater provision of innovative financial models and scale up efforts for private capital mobilisation. The minister in her meeting with the AIIB delegation, comprising 11 officials of the Board of Directors of AIIB and senior representatives and staff, said India could act as a sandbox for AIIB's piloting of innovative financing models and technologies.
Sitharaman, who is also Governor on the AIIB Board, stated that the multilateral institution should broaden its investment in priority sectors of climate adaptation and resilience, infrastructure development, energy security, urban development and extend support for India's next generation reforms, an official statement said.
She also stressed upon the importance of continually incorporating finance plus and budget plus elements in AIIB's project design and implementation.
«Sitharaman further suggested that AIIB should strive for greater provision of innovative financial tools and models and scale up its efforts for private capital mobilisation and assured the AIIB of India's full support and cooperation in this regard,» the statement added.
Artificial Intelligence(AI)
AI and Analytics based Business Strategy
By — Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI
Finance
A2Z Of Money
By — elearnmarkets, Financial Education by StockEdge
Artificial Intelligence(AI)
AI for Everyone: Understanding and Applying the
