Former finance secy Pandey appointed vice-president at AIIB, CFO News, ETCFO

Former finance secretary and chief of the country’s audit regulator Ajay Bhushan Prasad Pandey has been appointed vice-president at the Asian Infrastructure Investment Bank (AIIB), according to the multilateral lender.

He will handle investment solutions and oversee three departments: the Sectors, Themes, and Finance Solutions Department; the Sustainability and Fiduciary Solutions Department; and the Portfolio Management Department.

Pandey had headed the National Financial Reporting Authority for three years through March 2025 after his retirement as the finance secretary. A 1984-batch IAS officer of the Maharashtra cadre, he had also served as the chief executive officer of the Unique Identification Authority of India where he led the development and implementation of Aadhaar.

During his stint at the finance ministry, he had played a crucial role in shaping the Goods and Services Tax Network.

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

The AIIB had approved a total of $50.4 billion in financing as of March 2024. India is the largest borrower, with the AIIB having approved 48 projects in the country involving $10.45 billion.

The multilateral lender started operations in 2016 with 57 founding members and by 2020, it expanded to have 103 members. These members account for roughly 79% of the global population and 65% of world GDP.

• Published On Apr 16, 2025 at 08:29 AM IST

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