India will host the Annual Meetings of the African Development Bank (AfDB) Group in May next year.
To be held at Mahatma Gandhi Convention Centre, Ahmedabad on May 22-26, the event is expected to be attended by over 5,000 delegates from 80 member countries of AfDB.
The meetings would be attended by Governors, Alternate Governors, Executive Directors, policy makers and businesses, a finance ministry statement said.
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A high-level preparatory mission of AfDB, led by Nnenna Nwabufo, Chairperson, Permanent Committee for Annual Meetings arrived in India on September 6 to assess infrastructure and other facilities available at Ahmedabad and New Delhi.
The Secretary General of AfDB, Vincent O Nmehielle accompanied the delegation. It met senior officers in Ahmedabad and at the Department of Economic Affairs, Ministry of Finance.
A MoU was signed between GoI and AfDB today regarding the holding of the Annual Meetings. The MoU outlines the roles of Govt of India and AfDB, the statement added.
AfDB was established in 1963 to promote Economic Development and social progress of its regional members. India became its member in 1983.
The Union Finance Minister and Secretary, Department of Economic Affairs, are the Governor and Alternate Governor of the Bank respectively.
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