JAITLEY
APPOINTED ON ADB'S BOARD OF GOVERNORS
Finance Minister Arun
Jaitley has been appointed on the Board
of Governors of Philippines-based Asian
Development Bank (ADB).
"The Union Finance Minister Arun Jaitley has
been appointed as India's Governor on the Board of Governors of the Asian
Development Bank with effect from May 27," according to an official
statement.
The position was previously held by former Finance Minister P Chidambaram. The
Board of Governors is the ADB's highest policy-making body and has one
representative from each member country.
The Manila-headquartered multi-lateral funding agency, founded in 1966, aims to
improve people's lives in Asia and the Pacific. ADB approved USD 21.02 billion
in financing in 2013.
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