Focus Merit

Tag: Asian Infrastructure Investment Bank

India and AIIB sign USD 500 million loan agreement for Mumbai Urban Transport Project-III

August 25, 2020
AIIB
  • Maharashtra Government, Mumbai Railway Vikas Corporation and the Asian Infrastructure Investment Bank (AIIB) signed a loan agreement for a USD 500 million Mumbai Urban Transport Project-III.
  • This will improve the network capacity, service quality and safety of the suburban railway system in Mumbai.

AIIB and WB are planning to provide $8-billion health infra scheme

August 8, 2020
AIIB
  • Asian Infrastructure Investment Bank(AIIB) and World Bank(WB) are discussing to provide India help of $8-billion to boost health infrastructure schemes at the district level.

Jin Liqun re-elected president of AIIB

July 31, 2020
Jin Liqun
  • The board of governors of the Asian Infrastructure Investment Bank (AIIB), elected Jin Liqun for a second term as President.
  • His second five-year term will begin on January 16, 2021.

5th Annual Meeting of Board of Governors of AIIB attended by Nirmala Sitharam

July 29, 2020
Nirmala Sitharaman
  • Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman attended the 5th Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB) through a video conference in New Delhi.
  • The theme ‘AIIB 2030-Supporting Asia’s Development over the Next Decade’.

AIIB allows $500 million loan for India’s Covid-19 response

May 9, 2020
AIIB
  • Asian Infrastructure Investment Bank (AIIB) has allowed a loan worth $500 million for India’s ‘COVID-19 Emergency Response.
  • The assistance will aid India to scale up efforts to restrict the transmission of instances, increase the public health system to broaden its response capability, and to enhance preparedness to handle future outbreaks.

AIIB to lend USD 500 mn to India to assist fight COVID-19 pandemic

April 17, 2020
AIIB
  • Asian Infrastructure Investment Bank (AIIB) has declared that it is to finance $500 million in projects in India to assist the country to improve its health care systems. 
  • With this, AIIB has doubled its funds under the COVID-19 Crisis Recovery Facility.
  • Purpose: The move is to assist reduce health care pressures in pandemic preparedness and health infrastructure in India.