close

News WrapGet Handpicked Stories from our editors directly to your mailbox

Asian Infrastructure Investment Bank

Andhra Pradesh capital Amaravati's fate hangs in balance after World Bank, AIIB pull out of project

China-based AIIB on July 23 confirmed that it is not considering the Amaravati Sustainable Infrastructure and Institutional Development Project, barely six days after the World Bank dropped the project.
 

Jul 28, 2019, 12:00 PM IST

India stands on the pillars of economic opportunity for all: Modi at AIIB meet

AIIB is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond.

Jun 26, 2018, 12:20 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.

Jun 26, 2018, 11:50 AM IST

PM Modi asks Asian Infrastructure Investment Bank to expand its loan book by 10 times

The theme for this year`s meeting is "Mobilizing Finance for Infrastructure: Innovation and Collaboration."

Jun 26, 2018, 11:40 AM IST

AIIB to invest $100 mn for India's development projects

The AIIB will provide its expertise to enhance NIIF`s environmental and social risk management capabilities to improve and monitor ecological and social performance across the portfolio investments.

Jun 25, 2018, 16:44 PM IST

Canada to apply to join China-backed AIIB

The AIIB is an independent institution with its own secretariat.

Aug 31, 2016, 16:35 PM IST

Finance Minister Arun Jaitley cuts short China visit

 Finance Minister Arun Jaitley has cut short his visit to China by a day and returned here in the wake of attacks on him and top officials of his ministry by BJP MP Subramanian Swamy.

Jun 27, 2016, 13:35 PM IST

FM Jaitley to attend first AIIB annual meeting at Beijing

Finance Minister Arun Jaitley will be leaving for Beijing later in the week to attend the first meeting of the Board of Governors of the USD 100-billion Asian Infrastructure Investment Bank (AIIB).

Jun 21, 2016, 20:14 PM IST

The fate of AIIB linked to Chinese economy: Daily

The fate of China-backed Asian Infrastructure Investment Bank (AIIB) is connected to the Chinese economy and its capability to face the problems posed by adverse attitude of the US, a state-run Chinese daily said Monday.

Jan 18, 2016, 18:39 PM IST

India elected to board of directors of China-backed AIIB

Dinesh Sharma, Additional Secretary of Ministry of Finance has been elected to the 12-member board for which a secret ballot was held yesterday, Indian officials here told PTI.

Jan 17, 2016, 17:45 PM IST

Xi Jinping launches Asian Infrastructure Investment Bank

China-backed Asian Infrastructure Investment Bank (AIIB) in which India and 56 countries have joined as founding members was formally opened here today by President Xi Jinping.

Jan 16, 2016, 12:15 PM IST

AIIB president-designate calls on PM Narendra Modi

Ahead of the commencement of its lending operations, president-designate of the newly-created Asian Infrastructure Investment Bank (AIIB) Jin Liqun on Monday called on Prime Minister Narendra Modi.

Jan 11, 2016, 21:57 PM IST

China-backed AIIB formally established in Beijing

The bank's establishment came after 17 funding members of the AIIB.

Dec 25, 2015, 19:36 PM IST

China-backed AIIB to open for business in mid January

China-sponsored Asian Infrastructure Investment Bank (AIIB) in which India is a founder member along with other 56 countries will open in mid-January next year, an official has said.

Dec 03, 2015, 21:04 PM IST

China-backed AIIB to lend $10-15 bln a year for first five years: president-designate

The president-elect of China`s new international development bank said he expects the institution to lend $10 billion-$15 billion a year for the first five or six years, and sought to allay concerns that the lender will be a tool of Beijing.

Dec 01, 2015, 15:22 PM IST

China proposes firm to fund projects in Europe

Li dangled the offer of cheap Chinese funds from both the government and commercial banks to the area, which has lagged behind more prosperous nations in the western part of the continent.

Nov 25, 2015, 01:53 AM IST

China ratifies AIIB agreement

China's top legislature Wednesday ratified the Asian Infrastructure Investment Bank (AIIB) agreement, that will set out legal framework for the USD 100 billion-bank in which India and 56 other countries are founder members.

Nov 04, 2015, 18:21 PM IST

China-based New Development Bank, AIIB making progress: Officials

The New Development Bank set up by BRICS nations is expected to approve its first loan in April while the Asian Infrastructure Investment Bank will begin formal operations next year, senior officials said Wednesday.

Oct 28, 2015, 21:47 PM IST

Over 20 countries on 'waiting list' to join AIIB: China

More than 20 countries are waiting to join the China-initiated Asian Infrastructure Investment Bank (AIIB), its designated president said Saturday as he allayed concerns it was aimed to challenge US and Japanese influence in the region.

 

Sep 19, 2015, 18:09 PM IST

China's AIIB to offer loans with fewer strings attached: Sources

China's new international development bank will offer loans with fewer strings attached than the World Bank, sources said, as Beijing seeks to change the unwritten rules of global development finance.

Sep 02, 2015, 08:42 AM IST