AIIB Current Affairs - 2019

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3rd Annual Meeting of AIIB held in Mumbai

The 3rd Annual Meeting of Asian Infrastructure Investment Bank (AIIB) concluded in Mumbai, Maharashtra in optimistic note to raise its lending capacity to boost prosperity and security in Asia. The meeting was jointly organised by Department of Economic Affairs under Union Finance Ministry and AIIB. Key Facts The theme of third meeting was ‘Mobilising Finance Read More…

Month:  Categories: International

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AIIB to invest $200 million into NIIF to boost infrastructure projects

The Asian Infrastructure Investment Bank (AIIB) has approved investment of $200 million in India’s National Investment & Infrastructure Fund (NIIF) to give greater impetus to mega infrastructure projects. It will be investing US $100 million now and remaining $100 million in the time to come. India: largest recipient of AIIB AIIB so far approved $4.4 Read More…

Month:  Categories: Business, Economy & Banking

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AIIB approves $140 million loan to improve Rural Connectivity in Madhya Pradesh

The Asian Infrastructure Investment Bank (AIIB) have approved $140 million loan for project aimed at improving rural roads (connectivity) in Madhya Pradesh. It was approved at meeting of Board of Directors of AIIB recently held in Beijing, China. Key Facts The Project will be co-financed with World Bank. It aims to improve rural road connectivity Read More…

Month:  Categories: Business, Economy & Banking

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ISA-ADB, NDB, GCF, AfDB and AIIB sign joint declarations of financial Partnership

The International Solar Alliance (ISA) and African Development Bank (AfDb), Asian Infrastructure Investment Bank (AIIB), Asian Development Bank (ADB), Green climate fund (GCF), and New Development Bank (NDB) signed Joint financial partnership Declarations. The International Energy Agency (IEA) also signed Joint partnership Declaration with ISA. The objective of these agreements is to deepen their cooperation Read More…

Month:  Categories: Business, Economy & Banking

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AIIB approves $1.5 billion in loans to India for infrastructure projects

China-based Asian Infrastructure Investment Bank (AIIB) has approved $1.5 billion in loans to India for infrastructure-related projects in 2018. The funds will be used for investment in India’s energy, roads and urban development projects. It also includes $200 million commitment to India’s National Investment and Infrastructure Fund (NIIF) to spend on roads, housing and urban Read More…

Month:  Categories: Business, Economy & Banking

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AIIB plans to issue first US dollar bonds in June 2018

China-led Asian Infrastructure Investment Bank (AIIB) is planning to issue its first US dollar-denominated bond with minimum worth of $1 billion by June 2018. The earliest issuance window of bond will be toward end of first half of 2018 with time required for certain procedures, including Board of Governors’ approval of AIIB’s 2017 financial statements Read More…

Month:  Categories: International

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India to host 3rd Annual Meeting of Board of Governors of AIIB

India will host third Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB) in Mumbai, Maharashtra in June 2018. In this regard, Union Government and AIIB Secretariat have signed MoU to delineate duties and responsibilities of major stakeholders who would be involved in organizing the aforesaid Annual Meeting. The theme of Read More…

Month:  Categories: Events & Observances

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