Business Standard

Arun Jaitley to attend AIIB annual meet in South Korea

AIIB aims to promote economic development of the region by supporting infra projects

Finance Minister Arun Jaitley. Photo: PTI
Premium

Finance Minister Arun Jaitley at a press conference after the Cabinet meeting in New Delhi on Wednesday. Photo: PTI

Press Trust of India
Finance Minister Arun Jaitley will attend the annual meeting of China-led Asian Infrastructure Investment Bank (AIIB) to be held in mid-June in South Korea. AIIB aims to promote economic development of the region by supporting infra projects. India is the second-largest shareholder of AIIB, with 7.5 per cent stake after China which has 26.06 per cent voting shares. Russia and Germany have 5.93 per cent, 4.5 per cent stake, respectively. 

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in