AIIB should strive for more innovative financing models: FM Sitharaman

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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.

Finance Minister 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.

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Category: BusinessFinance

Markets: India

Topics: Private capital mobilisation Innovative financing tools AIIB Nirmala Sitharaman

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News Sentiment: Negative

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Article Type: News Report

Published On: 2024-11-11 @ 23:15:24 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 475 words

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Sentences: 14 lines

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Copyright Owner: © Business Standard

News ID: 23522796

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