Finance Minister Arun Jaitley has been
appointed on the Board
of Governors of Philippines-based Asian Development Bank (ADB). An official
release said, his appointment has come into effect from 27th of May.
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.
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