Finance minister Nirmala Sitharaman on Sunday suggested the Asian Infrastructure Investment Bank (AIIB) to use innovative financing ways to better address infrastructure needs of member countries.

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Sitharaman met Jin Liqun, President, AIIB, in Gandhinagar on the sidelines of the 3rd G20 Finance Ministers and Central Bank Governors #G20FMCBG meeting and discussed the role of #MDBs, including @AIIB_Official in addressing the current global developmental challenges.

"While discussing issues of relevance to India and @AIIB_Official, Finance Minister Smt. @nsitharaman suggested that @AIIB_Official should further use innovative financing and financing instruments so as to better address the #infrastructure requirements of member countries," the finance ministry tweeted.

While appreciating AIIB's support for #G20India Presidency, the minister highlighted the need for #MDB reforms and the importance of coordination and collaboration among #MDBs.

"Being the Governor of second largest shareholder of @AIIB_Official, Union Finance Minister Smt. @nsitharaman also discussed critical issues relating to governance, personnel and approvals of Indian projects in Uttarakhand, Himachal Pradesh and other border states in India," the tweet added.