AIIB: Investment in Asia’s Data Infrastructure

The Asian Infrastructure Investment Bank (AIIB) is set to invest $150 million in the development of data centers to mostly serve emerging Asia. Highlights AIIB will channelise funds through the Keppel Data Centre Fund II (KDCF II), which is a ..

Tags: AIIB Loan • Asian Infrastructure Investment Bank (AIIB)

Month: Current Affairs - January, 2022

Category: Economy & Banking Current Affairs - 2022 • International / World Current Affairs

India applies for vaccine loans from ADB & AIIB

India applied for a $2 billion loan from Asian Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB) to purchase about 700 million Covid-19 vaccines. Highlights India applied for the loan as it seeks to boost immunisation rate of eligible ..

Tags: Asia Pacific Vaccine Access Facility (APVAX) • Asian Development Bank (ADB) • Asian Infrastructure Investment Bank (AIIB) • COVID-19 vaccine • India ADB loan agreement

Month: Current Affairs - October, 2021

AIIB to provide $304 million for Assam Power Transmission Project

The Finance Ministry has announced that, the Central government has signed a loan agreement with the Asian Infrastructure Investment Bank (AIIB) for the Assam Power Transmission Project. Key Points The loan agreement was signed worth $304 million. This loan will ..

Tags: AIIB Loan • Asian Infrastructure Investment Bank (AIIB) • Assam • Electric power distribution • Electric power transmission

Month: Current Affairs - February, 2021

NDB to invest $100 Million into NIIF Fund of Funds

The New Development Bank (NDB) has announced to invest $100 million into the NIIF Fund of Funds (FoF). Highlights With the NDB’s investment of $100 million, the NIIF FoF has now secured $800 million in commitments. NDB has joined the ..

Tags: Asian Development Bank (ADB) • Asian Infrastructure Investment Bank (AIIB) • National Investment and Infrastructure Fund (NIIF) • New Development Bank • NIIF Fund of Funds

Month: Current Affairs - February, 2021

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 ..

Tags: ADB • AIIB • Asian Infrastructure Investment Bank (AIIB) • IBRD • India-ADB

Month: Current Affairs - May, 2020

AIIB sanctions 145 million USD loan for Major Irrigation Project of West Bengal

On May 15, 2020, the Asian Infrastructure Investment Bank approves a loan of 145 million USD to improve irrigation facilities and flood management West Bengal Highlights The project is to focus on the Damodar Valley of West Bengal. It will ..

Tags: Asian Infrastructure Investment Bank (AIIB) • chhota nagpur plateau • Flood Management • India-AIIB • india-world bank

Month: Current Affairs - May, 2020