On 1 April 2017, the Finance Minister Mr. Arun Jaitley and the NDB President Mr. K.V.Kamath had a meeting in New Delhi to discuss the progress achieved by the NDB and the Bank’s operational plans for 2017. The bilateral meeting took place on the sidelines of the NDB Second Annual Meeting.
The focus of the meeting was on the required steps in expanding the Bank’s operations in India, including project pipeline. The forthcoming masala bond issuance by the NDB was also discussed.
The New Development Bank was created by the BRICS countries with an objective of financing infrastructure and sustainable development projects in its member countries.