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    <title>Text of the Union Finance Minister Shri Arun Jaitley’s Keynote Address at the Opening Ceremony of the Second Annual Meeting of the New Development Bank (NDB)</title>
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    <description>The address frames the NDB&#039;s mandate as financing sustainable infrastructure in EMDEs to fill a large unmet investment need left by capital constrained MDBs, and sets operational expectations: rapid operationalization, lean governance, faster loan appraisal, diversified financing instruments including local currency financing, adoption of country systems where feasible, lower cost of loans, and use as a vehicle for South South cooperation and technology and knowledge exchange among member countries.</description>
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