9th AIIB Board of Governors Meeting

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman represented India at the 9th Asian Infrastructure Investment Bank (AIIB) Board of Governors meeting.

  • Meet was held in Samarkand, Uzbekistan, on September 25-26, 2024.
  • Theme: "Building Resilient Infrastructure for All," emphasizing climate-resilient infrastructure.
  • AIIB introduced Climate Policy-Based Financing (CPBF) in June 2024 to mobilize private capital.
  • AIIB President Jin Liqun announced that 60% of AIIB’s 2024 lending will focus on climate projects.
  • During the meet, the Republic of Nauru joined AIIB, raising the total membership to 110 countries.
  • India is second-Largest Shareholder in AIIB and holds a 7.58% share, second only to China’s 26.5%.
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