Asian Infrastructure Investment Bank Current Affairs, GK & News

Asian Infrastructure Investment Bank

February 16, 2016

The Asian Infrastructure Investment Bank (AIIB) has been launched by the Chinese President Xi Jinping on 16 January, 2016. The AIIB, which will start its operations in second quarter of 2016, is expected to lend 10-15 billion dollars a year for the initial five or six years. Members and largest shareholders The AIIB has a ..

India attends SCO Summit: Key Facts

November 10, 2020

On November 10, 2020, India attended the Shanghai Cooperation Organization Summit. India was represented by PM Modi at the summit. This is the 20th summit of the organization and third for India since it became a member in 2017. India was an observer at the SCO since 2005. Since 2017, the Indian delegation is being ..

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

August 25, 2020

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 Transport Project-III? It is a project supervised and implemented by the Mumbai Metropolitan Region Development ..

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

July 22, 2020

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 the World Bank and will contribute to the program of the Pakistan Government to strengthen ..

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AIIB approves $500 million for Pakistan’s COVID-19 efforts

June 18, 2020

The China-backed Asian Infrastructure Investment Bank (AIIB) has approved a loan of $500 million to assist Pakistan’s efforts in addressing the on-going coronavirus pandemic. The project is co-financed by Asian Development Bank (ADB). It aims to strengthen the vulnerable groups, boost healthcare system and help small businesses amid the economic crisis caused by the pandemic.

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L&T Finance Holdings becomes first NBFC to get $100 million loan from AIIB for Green Energy Funding

July 16, 2019

The L&T Infrastructure Finance Company Limited (LTIF) has become the first Non-Banking Finance Company (NBFC) to get $100 million loan from Asian Infrastructure Investment Bank (AIIB) for on-lending to wind and solar power infrastructure projects in India. LTIF is a subsidiary of L&T Finance Holdings Ltd and a leading non-bank financier of renewable energy in ..

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