The 5th Annual Meeting of Board of Governors of New Development Bank was held through video-conference. Union Minister of Finance & Corporate Affairs, Nirmala Sitharaman represented India in the Annual Meeting of Board of Governors of New Development Bank.
During the meeting, Union Minister of Finance & Corporate Affairs, Nirmala Sitharaman lauded the efforts made by New Development Bank in establishing itself as a credible Global Financial Institution, living up to its mandate successfully by taking more sustainable and inclusive measures. She also commended the efforts taken by NDB as a response to combat the COVID-19 pandemic such as financial assistance of about $5 billion to the BRICS countries and the Emergency Assistance of $1 billion India to fight with the COVID-19 outbreak.
Click Here To Get Test Series For SBI PO 2020
The New Development Bank was formed in 2014 by the BRICS countries i.e. Brazil, Russia, India, China and South Africa, to mobilise resources for infrastructure and sustainable development projects in BRICS as well as other emerging market economies and developing countries.
Important takeaways for all competitive exams:
Indian travelers who visit the Uzbekistan can gets the benefit of making UPI payments at…
The Monthly Accounts of the Union Government till July 2026 have been consolidated and published…
After almost thirty years of laying the first stone of the project, Chief Minister of…
Apple is set to have leadership change from September 1st, 2026, when John Ternus succeeds…
The Government of India has notified the launch of the Semicon 2.0, wherein the government…
As per data released by the Ministry of Finance on September 1. The strong annual…