Asian Infrastructure Investment Bank (AIIB) Current Affairs, GK & News

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 private equity vehicle. It is managed by Alpha Investment Partners Limited (Alpha). It is going ..

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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 population here. This application was meant to leverage India’s membership of the multilateral financing institutions ..

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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 be used for strengthening electricity transmission system in the state of Assam. The agreement for ..

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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 Asian Infrastructure Investment Bank (AIIB), Government of India (GoI) and Asian Development Bank (ADB) as ..

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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 the 1 billion USD aid, around 550 million USD is to be credited by the ..

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