Q. The Asian Infrastructure Investment Bank (AIIB) has granted how much amount of equity investment loan to the India Infrastructure Fund (IIF)?
Answer: $150 million
Notes: The Asian Infrastructure Investment Bank (AIIB) has approved $150 million equity investment loan to the India Infrastructure Fund (IIF), which is AIIB’s first such loan to fund private projects. The purpose of the Infrastructure Fund is to invest in mid-cap infrastructure companies in India and to expand the bank’s equity and loan deal sourcing pipelines in the private sector through its equity participation in this fund. This initiative will benefit local infrastructure development by enhancing private capital inflows from global long-term investors, such as public pension funds, endowments and insurance companies.
This question is part of Current Affairs Daily 20 MCQ Series Course on GKToday Android app.
