Multilateral development banks Current Affairs, GK & News

Anshula Kant appointed as MD & CFO of World Bank (WB)

Anshula Kant, Managing Director of State Bank of India (SBI), has been appointed as MD and Chief Financial Officer (CFO) of the World Bank (WB). She will be responsible for financial and risk management of the organisation. Her work will include oversight of financial reporting, risk management, and working closely with the World Bank CEO ..


Union Government signs a $300 million loan pact with ADB to boost infra funding by IIFCL

In New Delhi, the Government of India (GoI) has signed a $300 million loan agreement with Asian Development Bank (ADB) to support India Infrastructure Finance Company Ltd (IIFCL) that provides long-term finance to infrastructure projects. The move is expected to enhance the availability of long-term finance for Public-Private Partnership (PPP) projects, improve operational capacity of ..


New Development Bank (NDB) approves loan to Madhya Pradesh for infrastructure projects

The New Development Bank (NDB) of the BRICS countries has approved a $525-million loan to Madhya Pradesh for infrastructure projects. The loan will be used by the Indian government for on-lending to the Madhya Pradesh government for rehabilitating major district roads with a total length of about 2,000 km to improve the connectivity of the ..


Asian Infrastructure Investment Bank (AIIB) approves an equity investment in National Investment & Infrastructure Fund (NIIF) of India

On June 24, the Asian Infrastructure Investment Bank (AIIB) has approved a $200 million equity investment into the National Investment & Infrastructure Fund (NIIF) of India and the first tranche of $100 million has already been approved by the bank’s Board. The second tranche of $100 million will be invested by AIIB on call. This ..


India to host 3rd annual meeting of Asian Infrastructure Investment Bank (AIIB)

India will host the 3rd annual meeting of the Asian Infrastructure Investment Bank (AIIB) in Mumbai on June 25-26, 2018. It will be jointly hosted by the Department of Economic Affairs (DEA) and AIIB. The theme for 2018 meeting is “Mobilizing Finance for Infrastructure: Innovation and Collaboration” that will see leaders from varied organizations and ..


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