Page-2 of Asian Infrastructure Investment Bank (AIIB) Current Affairs, GK & News

New Development Bank’s financial assistance of 1 billion USD to India

On April 20, 2020, Finance Minister Smt Nirmala Sitaraman attended the fifth annual meeting of the Board of Governors of the National Development Bank through a video conference. Outcomes The New Development Bank of the BRICS grouping is to provide a financial assistance of 1 billion USD of COVID-19 funds to India. India has pitched ..

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India seeks 6 billion USD loans from ADB, AIIB

The World Bank has funded 1 billion USD to India to fight against COVID-19. With the COVID-19 cases increasing further, India seeks 6 billion USD from ADB and AIIB Highlights The Indian Economy is to take a major hit with the 21-day lock down. The Asian Development Bank has predicted that India’s growth rate is ..

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AIIB Approves $150 million for India Infrastructure Fund

China-led Asian Infrastructure Investment Bank (AIIB) has approved $150 million equity investment loan to the India Infrastructure Fund. This loan will be the bank’s first equity investment to fund private projects. Salient Highlights The $150 million investment would go the India Infrastructure Fund. The Infrastructure Fund aims to invest in mid-cap infrastructure companies in India. AIIB in ..

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