AIIB

Urjit Patel – New Vice President of AIIB

Urjit Patel served as the 24th Governor of RBI (Reserve Bank of India). He was recently appointed as the Vice President of Asian Infrastructure Investment Bank. Urjit Patel He was born in Kenya. In 2018, he resigned as RBI governor. ..

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Dam Rehabilitation and Improvement Project approved by Union Cabinet

On October 29, 2020, the Union Cabinet chaired by PM Modi approved the Phase II and Phase III Dam Rehabilitation and Improvement Project (DRIP). These two phases are to be implemented with financial assistance from the World Bank and AIIB ..

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Mumbai Urban Transport Project-III: India signs USD 500 million loan agreement with AIIB

A loan agreement has been signed by the Central government of India, State Government of Maharashtra, Mumbai Railway Vikas Corporation, and the Asian Infrastructure Investment Bank for a Mumbai Urban Transport Project-III worth 500 million USD. What is Mumbai Urban ..

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$250 Million Loan Extended by AIIB to Pakistan for COVID 19

The Asian Infrastructure Investment Bank (AIIB) has extended the loan of $250 million to Pakistan in order to enable it to deal with the prevailing situation due to the COVID 19 pandemic. This program is going to be co-financed by ..

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750 million USD loan approved by AIIB to India

On June 17, 2020, the Asian Infrastructure Investment Bank (AIIB) approved 750 million USD loan to India. The fund granted is to be used by the GoI to strengthen battle against the impact of COVID-19 on the poor and vulnerable. ..

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World Bank approves 1 billion USD to India

On May 15, 2020, the World Bank approved 1 billion USD aid to India to accelerate “India’s COVID-19 Special Protection Response Programme”. The fund will be used to provide social assistance to poor, severely impacted and vulnerable households. Highlights Of ..

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AIIB approves 500 million USD for India

On May 8, 2020, the AIIB (Asian Infrastructure Investment Bank) approved 500 million USD to COVID-19 to India. The funds were aimed to scale up the containment efforts and strengthen the health system. This will help manage future outbreaks. Highlights ..

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AIIB to finance 500 million USD projects to strengthen National Health Care Systems

The Asian Infrastructure Investment Bank is to finance 500 million USD projects in India to help the country improve its health care systems. AIIB is currently doubling its funds under COVID-19 Crisis Recovery Facility. Highlights The funding is to be ..

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