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  • China's AIIB approves $750 million loan for India's COVID-19 response Jun 17, 2020 10:19 AM IST

    China's AIIB approves $750 million loan for India's COVID-19 response

    The project, co-financed by the Asian Development Bank, aims to strengthen economic aid for businesses, expand social safety nets and bolster healthcare.

  • At least 16 China-based entities get permanent registration in India May 22, 2020 12:10 PM IST

    At least 16 China-based entities get permanent registration in India

    While AIIB is a multilateral development bank, which has got India as a member too, PBoC is China's central bank. Other registered FPIs in India include the National Social Security Fund (NSSF), a government-run investment fund established primarily to provide a reserve of funds for China's social security system.

  • China-backed AIIB approves $500 million loan for India's COVID-19 response May 08, 2020 10:50 AM IST

    China-backed AIIB approves $500 million loan for India's COVID-19 response

    The loan is intended to help India's government strengthen its public health system, prepare for future outbreaks, and limit the transmission of cases, a statement from AIIB said.

  • AIIB says projects, cost overruns biggest negatives of India Nov 17, 2019 07:01 PM IST

    AIIB says projects, cost overruns biggest negatives of India

    The Beijing-headquartered multilateral bank has USD 3 billion exposure to India which has a lot of appetite for credit and will continue to be the largest borrower in the near future.

  • AIIB likely to invest $1.4 bn for development projects in Pakistan Feb 01, 2019 01:24 PM IST

    AIIB likely to invest $1.4 bn for development projects in Pakistan

    The Beijing-based AIIB is considering investment in the Karachi Bus Rapid Transit (BRT) project, Rawalpindi's Ring Road project, Lahore Waste Water Management project and Karachi Water and Sewerage Service project among others, the Express Tribune reported on Friday.

  • AIIB prez bats for open economies as protectionism mounts Jun 26, 2018 04:17 PM IST

    AIIB prez bats for open economies as protectionism mounts

    "Unfortunately, protectionism practiced by some countries is likely to dim the prospects for all countries, including themselves," Jin told the opening ceremony of the third annual meeting of the AIIB board of governors here.

  • PM Modi to inaugurate third annual meeting of AIIB in Mumbai on June 26 Jun 25, 2018 08:25 PM IST

    PM Modi to inaugurate third annual meeting of AIIB in Mumbai on June 26

    The prime minister Narendra Modi will meet business leaders and captains of industry, for a discussion on issues such as economic growth, infrastructure development, policy initiatives, investment, innovation and job creation.

  • AIIB keen on affordable housing investment, seeks govt support Jun 25, 2018 08:15 PM IST

    AIIB keen on affordable housing investment, seeks govt support

    Till now, the bank has invested USD 1.6 billion in seven projects in the country and has not taken any direct exposure in the affordable housing segment.

  • Big push for infra projects: AIIB to invest $1.4 billion in India, says Piyush Goyal Jun 25, 2018 03:09 PM IST

    Big push for infra projects: AIIB to invest $1.4 billion in India, says Piyush Goyal

    On challenges related to land acquisition pertaining to infrastructure projects, Goyal said that he doesn't see stress in acquiring land if it can be availed by consent

  • AIIB to invest $200 million in NIIF, says Economic Affairs Secretary Subhash Chandra Garg Jun 24, 2018 04:30 PM IST

    AIIB to invest $200 million in NIIF, says Economic Affairs Secretary Subhash Chandra Garg

    Garg was speaking ahead of the third annual meet of the Beijing-headquartered multilateral lending institute AIIB, which is being hosted by India.

  • Prime Minister Narendra Modi to inaugurate third AIIB annual meet on June 26 Jun 22, 2018 06:25 PM IST

    Prime Minister Narendra Modi to inaugurate third AIIB annual meet on June 26

    The theme for this year's meeting is 'Mobilizing Finance for Infrastructure: Innovation and Collaboration' that will see leaders from various organisations and levels of government to share ideas and experiences for creating a sustainable future through sound infrastructure investment, the finance ministry said in a statement.

  • AIIB not a 'threat', can cooperate to finance large investment needs in Asia: ADB chief Takehiko Nakao May 03, 2018 02:30 PM IST

    AIIB not a 'threat', can cooperate to finance large investment needs in Asia: ADB chief Takehiko Nakao

    Speaking at a news conference to kick-start the bank's annual meeting, Nakao said the ongoing trade dispute between countries is a matter of "concern" and "utmost efforts" should be made to keep economies open in terms of trade and investment.

  • AIIB to extend $ 140 mn loan to improve rural connectivity in Madhya Pradesh Apr 12, 2018 09:41 PM IST

    AIIB to extend $ 140 mn loan to improve rural connectivity in Madhya Pradesh

    "Approximately 1.5 million rural residents in Madhya Pradesh stand to directly benefit from improved livelihoods, education and mobility with the USD 140-million loan approved by the Board of Directors of the Asian Infrastructure Investment Bank," said a statement issued by the AIIB.

  • BRI for shared benefit, not being imposed: AIIB Mar 04, 2018 01:35 PM IST

    BRI for shared benefit, not being imposed: AIIB

    Observing that AIIB and the BRI are two initiatives of the Chinese government, Jin said they will have positive impact on the development of region.

  • AIIB to invest $200 million in NIIF: Chief Feb 27, 2018 04:05 PM IST

    AIIB to invest $200 million in NIIF: Chief

    Beijing-based AIIB, which started functioning in 2016, has committed over USD 1 billion in five infrastructure projects in India and proposes to take 12 more projects envisaging assistance of USD 3.5 billion.

  • India seeks higher funding from AIIB; infra push for the region Feb 27, 2018 03:22 PM IST

    India seeks higher funding from AIIB; infra push for the region

    Asian Infrastructure Investment Bank (AIIB) has in the past 2 years approved five projects in India envisaging total commitment of more than USD 1 billion and has a pipeline of 12 projects involving assistance of USD 3.5 billion, according to a finance ministry official.

  • AIIB, ADB approves $100 mn loan for India's power sector Oct 03, 2017 08:08 AM IST

    AIIB, ADB approves $100 mn loan for India's power sector

    The loan, approved by the Board of Directors of the Beijing-headquartered Asian Infrastructure Investment Bank (AIIB), involves co-financing of USD 50 million from the Manila-based Asian Development Bank (ADB), state-run Xinhua news agency reported.

  • AIIB approves $329 mn loan to build roads in Gujarat Jul 05, 2017 02:21 PM IST

    AIIB approves $329 mn loan to build roads in Gujarat

    "The board of directors of the AIIB approved a loan of USD 329 million to build access roads to approximately 4,000 villages in all 33 districts of Gujarat, India," AIIB said in a statement.

  • China-led AIIB approves $324 million in infrastructure investment Jun 15, 2017 01:36 PM IST

    China-led AIIB approves $324 million in infrastructure investment

    The bank's first ever equity investment of $150 million aims to help attract private capital for infrastructure projects in India, the AIIB said in an emailed statement.

  • FM Arun Jaitley to attend AIIB annual meet in South Korea May 31, 2017 03:47 PM IST

    FM Arun Jaitley to attend AIIB annual meet 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 per cent voting shares. Russia and Germany have 5.93 per cent, 4.5 per cent stake respectively.

  • ADB chief seeks to cooperate, not compete, with China-led OBOR, AIIB May 04, 2017 11:21 AM IST

    ADB chief seeks to cooperate, not compete, with China-led OBOR, AIIB

    Speaking at a news conference in Yokohama, eastern Japan, to kick off the ADB's annual meeting, Nakao also said rising protectionism around the world was not yet hurting growth in developing Asia.

  • AIIB grants $160 million for Andhra Pradesh power project May 03, 2017 12:15 PM IST

    AIIB grants $160 million for Andhra Pradesh power project

    The Asian Infrastructure Investment Bank (AIIB), in which India is the second largest shareholder after China, has approved the project with the objective to strengthen the power transmission and distribution system in Andhra Pradesh, said a bank statement.

  • China-led AIIB approves $60 million to finance Bangladesh gas project Mar 28, 2017 08:50 AM IST

    China-led AIIB approves $60 million to finance Bangladesh gas project

    The fund will be used to help Bangladesh's Natural Gas Infrastructure and Efficiency Improvement Project, as the lack of gas supply would "eventually impact Bangladesh's energy security and constrain the nation's economic growth", the AIIB said in a press release.

  • AIIB, NDB provide challenge to World Bank: Kim Jun 30, 2016 08:40 PM IST

    AIIB, NDB provide challenge to World Bank: Kim

    There is plenty of room for the New Development Bank (NDB) and AIIB for funding and these new multilateral funding agencies provide challenge to old institutions, World Bank Group President Jim Yong Kim said.

  • 'India preparing projects worth $ 2-3bn for funding by AIIB' Jun 26, 2016 02:28 PM IST

    'India preparing projects worth $ 2-3bn for funding by AIIB'

    Finance Minister Arun Jaitley made the offer to set up AIIB branch in India while addressing the Board of Governors Session of the Annual General Meeting (AGM) of the bank headquartered here yesterday.

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