Former RBI Governor Urjit Patel Appointed as Vice President of Beijing-based AIIB

Former RBI Governor Urjit Patel Appointed as Vice President of Beijing-based AIIB

• Former Reserve Bank of India (RBI) Governor Urjit Patel has been appointed as Vice President of the multilateral funding institution Asian Infrastructure Investment Bank (AIIB) for a period of three years.
• Mr Patel will be one of the five Vice Presidents of the AIIB. He is expected to take charge from February 2022.
• He will succeed outgoing Vice President D J Pandian, who is in charge of sovereign and non-sovereign lending of the AIIB in South Asia, the Pacific Islands and South-East Asia.
• India is a founding member of AIIB and holds second highest voting share after China.
• AIIB headquarter: Beijing, China
• President: Jin Liqun

Points to Remember:

1. Name the Indian economist who has recently been appointed as one of the five Vice Preidents of AIIB?
2. How many Vice Presidents are there on AIIB board?