Tag: Asian Infrastructure Investment Bank

India signs $750 million agreement with AIIB for Covid support

This is the first-ever budgetary support programme from the AIIB to India.

June 19, 2020

FM to attend AIIB annual meet in Korea

Finance Minister Arun Jaitley will attend the annual meeting of China-led Asian Infrastructure Investment Bank to be held in mid-June in South Korea. AIIB aims to promote economic development of the region by supporting major infrastructure projects. India is the second largest shareholder of AIIB with 7.5 per cent stake after China which has 26.06 …

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May 31, 2017

AIIB approves $160 mn loan for Indian power project

The Asian Infrastructure Investment Bank (AIIB) has approved a loan of $160 million to finance a power project in India, the bank said on Wednesday. The project, co-financed with the World Bank, is part of the government's "24×7 Power for All programme" and will strengthen the power transmission and distribution system in Andhra Pradesh, Xinhua …

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May 3, 2017

World Bank to deepen cooperation with AIIB

The World Bank and the Asian Infrastructure Investment Bank (AIIB) signed a memorandum of understanding (MoU) here to strengthen cooperation between the two institutions, officials said. Under the MoU, both sides on April 23 agreed to cooperate on areas, including development financing, staff exchanges, and analytical and sector work, Xinhua news agency reported. "It paves …

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April 24, 2017