Asian Infrastructure Investment Bank Current Affairs, GK & News
Asian Infrastructure Investment Bank
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
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 ..
Month: Current Affairs - November, 2020
Category: International Current Affairs
Topics: Asian Infrastructure Investment Bank • Counter-terrorism • COVID-19 • SCO • Shanghai Cooperation Organisation • Vladimir Putin
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 Transport Project-III? It is a project supervised and implemented by the Mumbai Metropolitan Region Development ..
Month: Current Affairs - August, 2020
Category: India Nation & States Current Affairs • States Current Affairs
Topics: AIIB • Asian Infrastructure Investment Bank • Government of Maharashtra • Indian Railway • Mumbai Urban Transport Project
$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 the World Bank and will contribute to the program of the Pakistan Government to strengthen ..
Month: Current Affairs - July, 2020
Category: International Current Affairs
Topics: AIIB • Asian Infrastructure Investment Bank • COVID 19 pandemic • Pakistan • World Bank
AIIB approves $500 million for Pakistan’s COVID-19 efforts
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.
Month: Current Affairs - June, 2020
Topics: Asian Infrastructure Investment Bank • China-Pakistan • Coronavirus
L&T Finance Holdings becomes first NBFC to get $100 million loan from AIIB for Green Energy Funding
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 ..
Topics: Asian Infrastructure Investment Bank • Economy • Finance • Money • Non-bank financial institution • One Belt, One Road