Five MOUs likely to be inked at the annual meeting of the New Development Bank

The three day Annual Meeting of NDB will conclude on April 2, 2017.

On Saturday, the NDB Annual Meeting will start with BRICS Business Council Meeting, which will be followed by the Opening Ceremony of the Second Annual Meeting of the NDB Board of Governors.

Union Finance Minister, Arun Jaitley, who is also the NDB Governor for India, will deliver the Key Note Address.

Other scheduled speakers at the Opening Ceremony are NDB President K.V. Kamath and Minister of Finance of China and NDB Governor for China, Xiao Jie among others.

Among those who are expected to speak on Saturday are Secretary for International Affairs, Ministry of Finance, Brazil, Marcelo Estevao;  Sergey Storchak, Deputy Minister of Finance of Russia; and Monale Ratsoma, Deputy Director General (DDG), South Africa Treasury.

Werner Hoyer, President, European Investment Bank (EIB); Akinwumi Adesina, President, African Development Bank (AfDB) and Suma Chakrabarti, President, European Bank for Reconstruction and Development (EBRD) are also expected to address the gathering.

On Saturday, five Memorandum of Understandings (MOUs) are likely to be signed by NDB President Kamath; one each with European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD), Asian Infrastructure Investment Bank (AIIB), Eurasian Development Bank (EDB) and International Investment Bank (IIB).

On Sunday, the last day of the NDB meeting, there will be two seminars.

The first seminar will be on Financing Sustainable Development in which there will be two sessions, one on the Government Perspective and another on the Banking Sector Perspective. The second seminar will be on the subject of Urban Planning and Sustainable Infrastructure Development.

The Government Perspective Session will be addressed by Shaktikanta Das, Secretary, Department of Economic Affairs, Ministry of Finance, GOI; Marcelo Estevao, Secretary for International Affairs, Ministry of Finance, Brazil; and Celestin Monga, Chief Economist and Vice President, African Development Bank.

The session on Banking Sector Perspective will be addressed by Chanda Kochhar, Managing Director and CEO, ICICI Bank; Khaled Al-Aboodi, CEO, Islamic Corporation for the Development of the Private Sector; Nikolay Tsekhomskiy, First Deputy Chairman - Member of the Board, Vnesheconombank; and Ernest Dietrich, Group Executive, Development Bank of Southern Africa.