Asian Infrastructure Investment Bank

Finance minister Nirmala Sitharaman on Sunday suggested the Asian Infrastructure Investment Bank (AIIB) to use innovative financing ways to better address infrastructure needs of member countries. Sitharaman met Jin Liqun, President, AIIB, in Gandhinagar on the sidelines of the 3rd G20 Finance Ministers and Central Bank Governors #G20FMCBG meeting and discussed the role of #MDBs, including @AIIB_Official in addressing the current global developmental challenges. "While discussing issues of relevance to India and @AIIB_Official, FM Smt. @nsitharaman suggested that @AIIB_Official should further use innovative financing and financing instruments so as to better address the #infrastructure requirements of member countries," the finance ministry tweeted. While appreciating AIIB's support for #G20India Presidency, the minister highlighted the need for #MDB reforms and the importance of coordination and collaboration among #MDBs. "Being the Governor of second largest shareholder of ...

Finance Minister Nirmala Sitharaman on Friday asked the Asian Infrastructure Investment Bank (AIIB) to scale up investment in renewal energy and smart technologies and also urged the multilateral agency to set up a regional office in India. AIIB President Jin Liqun called upon the finance minister here and discussed various issues of relevance to the bank. "While appreciating AIIB's growing portfolio in India, FM Smt.@nsitharaman suggested that @AIIB_Official should scale-up #investments and mobilise private finance in India's key priority areas including #RenewableEnergy, #EnergyEfficiency and climate #SmartTechnologies," the finance ministry said in a tweet. India is a founding member of AIIB with the second-highest voting share. India holds 7.74 per cent equity in the multilateral bank, next only to China (29.9 per cent). "As India is the largest client of @AIIB_Official, FM Smt.@nsitharaman reiterated that AIIB should plan to set up a regional presence in India to facilitate .

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India rated 7.4 percentage points below the average global value chain participation rate for emerging economies

India is the third ranked country in terms of total number of dams, next after the US and China

India is the largest borrower, which accounts for 25% of the total lending by AIIB so far

AIIB's total sovereign loans to India now amount to $ 3.06 billion, including a recent $500 million Covid-19 emergency response

The bank's board of directors has approved a loan to India to strengthen the preparedness of the country's national health system

With ADB's investment into the NIIF platform, the FoF has now secured $700 million in commitments

Under the Paris Agreement, the government of India plans to reduce the country's carbon intensity by 30-35 per cent of 2005 levels

The World Bank withdraw its funding after the central government dropped its support for the project

Lending agency to debate on how to come closer to being the region's bank of choice for the segment

A large number of representatives from various people's movements across the country are gearing up for a fight with the Asian Infrastructure Investment Bank

There was a debate if India should join AIIB. I am glad that India has become an active participant, said Jaitley

The AIIB, first proposed by President Xi Jinping less than two years ago, has become one of China's biggest foreign policy successes