AIIB Current Affairs - 2020

750 million USD loan approved by AIIB to India

On June 17, 2020, the Asian Infrastructure Investment Bank (AIIB) approved 750 million USD loan to India. The fund granted is to be used by the GoI to strengthen battle against the impact of COVID-19 on the poor and vulnerable. Highlights The aid was cofinanced by the Asian Development Bank (ADB). The funds are to Read More…

World Bank approves 1 billion USD to India

On May 15, 2020, the World Bank approved 1 billion USD aid to India to accelerate “India’s COVID-19 Special Protection Response Programme”. The fund will be used to provide social assistance to poor, severely impacted and vulnerable households. Highlights Of the 1 billion USD aid, around 550 million USD is to be credited by the Read More…

AIIB approves 500 million USD for India

On May 8, 2020, the AIIB (Asian Infrastructure Investment Bank) approved 500 million USD to COVID-19 to India. The funds were aimed to scale up the containment efforts and strengthen the health system. This will help manage future outbreaks. Highlights The funds are to be used for Emergency Response and Health Systems Preparedness Project. The Read More…

AIIB to finance 500 million USD projects to strengthen National Health Care Systems

The Asian Infrastructure Investment Bank is to finance 500 million USD projects in India to help the country improve its health care systems. AIIB is currently doubling its funds under COVID-19 Crisis Recovery Facility. Highlights The funding is to be used for purchase of equipment and also for detection capacity. India had earlier approached AIIB Read More…

AIIB to invest 100 million USD in solar and wind projects in India

The Asian Infrastructure Investment Bank (AIIB) which is headquartered at Beijing expects an investment of 100 million USD in India in a year. The foreign investment is to enter India through the bank in Wind and solar projects. AIIB approves 500 million USD for MUTP 3 On November 16, 2019, the bank approved a loan Read More…