Former finance secretary and chief of the nation’s audit regulator Ajay Bhushan Prasad Pandey has been appointed vice-president on the Asian Infrastructure Funding Financial institution (AIIB), in response to the multilateral lender.

He’ll deal with funding options and oversee three departments: the Sectors, Themes, and Finance Options Division; the Sustainability and Fiduciary Options Division; and the Portfolio Administration Division.

Pandey had headed the Nationwide Monetary Reporting Authority for 3 years by way of March 2025 after his retirement because the finance secretary. A 1984-batch IAS officer of the Maharashtra cadre, he had additionally served because the chief government officer of the Distinctive Identification Authority of India the place he led the event and implementation of Aadhaar.

Throughout his stint on the finance ministry, he had performed a vital position in shaping the Items and Providers Tax Community.

Jin Liqun of China is the AIIB’s president and chair of the board of administrators.


The AIIB had accredited a complete of $50.4 billion in financing as of March 2024. India is the biggest borrower, with the AIIB having accredited 48 tasks within the nation involving $10.45 billion.The multilateral lender began operations in 2016 with 57 founding members and by 2020, it expanded to have 103 members. These members account for roughly 79% of the worldwide inhabitants and 65% of world GDP.



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