AIIB to give India $200 million for road, energy and infrastructure

The two-day annual meeting of the Asian Infrastructure Investment Bank (AIIB) is set to begin in Mumbai on June 25.

“Most banks like ADB and World Bank were set up by the advanced economies and were the principal contributors of the capital,” Department of Economic Affairs Secretary Subash Chandra Garg said. 

In contrast, 75 per cent of the capital at the AIIB has been contributed by Asian economies. 

While China is the main stakeholder in the bank with 31 per cent shareholding, India is the second largest with 8.7 per cent. India is the largest beneficiary of funding from the