Page-2 of AIIB
AIIB to invest $200 million into NIIF to boost infrastructure projects
The Asian Infrastructure Investment Bank (AIIB) has approved investment of $200 million in India’s National Investment & Infrastructure Fund (NIIF) to give greater impetus to mega infrastructure projects. It will be investing US $100 million now and remaining $100 million ..
Month: Current Affairs - June, 2018
AIIB approves $140 million loan to improve Rural Connectivity in Madhya Pradesh
The Asian Infrastructure Investment Bank (AIIB) have approved $140 million loan for project aimed at improving rural roads (connectivity) in Madhya Pradesh. It was approved at meeting of Board of Directors of AIIB recently held in Beijing, China. Key Facts ..
Month: Current Affairs - April, 2018
ISA-ADB, NDB, GCF, AfDB and AIIB sign joint declarations of financial Partnership
The International Solar Alliance (ISA) and African Development Bank (AfDb), Asian Infrastructure Investment Bank (AIIB), Asian Development Bank (ADB), Green climate fund (GCF), and New Development Bank (NDB) signed Joint financial partnership Declarations. The International Energy Agency (IEA) also signed ..
Month: Current Affairs - March, 2018
AIIB approves $1.5 billion in loans to India for infrastructure projects
China-based Asian Infrastructure Investment Bank (AIIB) has approved $1.5 billion in loans to India for infrastructure-related projects in 2018. The funds will be used for investment in India’s energy, roads and urban development projects. It also includes $200 million commitment ..
Month: Current Affairs - February, 2018
AIIB plans to issue first US dollar bonds in June 2018
China-led Asian Infrastructure Investment Bank (AIIB) is planning to issue its first US dollar-denominated bond with minimum worth of $1 billion by June 2018. The earliest issuance window of bond will be toward end of first half of 2018 with ..
Month: Current Affairs - January, 2018
India to host 3rd Annual Meeting of Board of Governors of AIIB
India will host third Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB) in Mumbai, Maharashtra in June 2018. In this regard, Union Government and AIIB Secretariat have signed MoU to delineate duties and responsibilities of ..
Month: Current Affairs - December, 2017
AIIB approves first loans for projects in four countries
The China-led Asian Infrastructure Investment Bank (AIIB) has approved first set of loans totalling US 509 million dollars to finance projects in four countries viz. Bangladesh, Pakistan, Indonesia and Tajikistan. These loans for the four projects were approved in Board ..
Month: Current Affairs - June, 2016
DJ Pandian appointed AIIB Vice-President
Former IAS officer D J Pandian has been appointed vice-president and chief investment officer (CIO) of Beijing-based Asian Infrastructure Investment Bank (AIIB). He is retired IAS officer of Gujarat cadre and had served as chief secretary of the state. He ..
Month: Current Affairs - February, 2016
India's Dinesh Sharma elected to board of directors of AIIB
India’s Dinesh Sharma has been elected to the board of directors of the China-sponsored Asian Infrastructure Investment Bank (AIIB). He has been elected to the 12-member board through a secret ballot. This is the first board of directors of AIIB ..
Month: Current Affairs - January, 2016
China’s President Xi Jinping formally opens AIIB in Beijing
Chinese President Xi Jinping has formally opened Asian Infrastructure Investment Bank (AIIB) in Beijing. Background The bank was formally established in Beijing on 25 December 2015. China’s former Finance Minister Lou Jiwei was elected as the first Chairman of the ..