Q. Who has been appointed as the new President of New Development Bank (NDB)?
Answer:
Marcos Troyjo
Notes: Former Deputy Economy Minister of Brazil, Marcos Prado Troyjo has been selected as the new President of the Shanghai-based New Development Bank’s (NDB).
He is to replace the veteran Indian banker KV Kamath as the President of the multilateral financial institution set up by the BRICS countries. Finance minister Nirmala Sitharaman attended the special board of Governors of NDB meeting through video-conference. Another Indian Anil Kishora was selected as the Vice President of NDB during the conference.