FinMin, NDB to carry seminar on significance of social infra financing, digital tech use

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The Finance Ministry and New Development Bank (NDB) will organise a seminar on the significance of ‘Social Infrastructure Financing and use of Digital Technologies‘.

The seminar, as a part of the financial and monetary cooperation agenda underneath the Indian BRICS chairship 2021, is being organised within the run-up to the 13th BRICS Summit to be held later this 12 months.

The COVID-19 pandemic has bolstered the significance of investing in social infrastructure and underpinned the significance of leveraging digital applied sciences in superior and rising economies, the Finance Ministry stated in an announcement.

“The challenges confronted, are frequent to all, particularly to the BRICS nations. There’s a nice potential in constructing sustainable mechanism to chart the way in which ahead and share the frequent advantages related to social, financial and digital improvement,” it stated.

This seminar, to be held on Might 13, will interact high-level members from each the private and non-private sector and give attention to the important thing points surrounding social infrastructure financing and the usage of Digital Applied sciences within the 21st century, it stated.

The inaugural handle shall be made by Financial Affairs Secretary Ajay Seth, adopted by Marcos Troyjo, president NDB.

BRICS (Brazil, Russia, India, China and South Africa)-led NDB was arrange in 2014 with the target of mobilising assets for infrastructure and sustainable improvement tasks for the grouping and different rising economies.

Headquartered in Shanghai, China, NDB was operationalised in 2015 and has up to now permitted 18 tasks in India price USD 6,924 million



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