AIIB

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 .

Berglof said AIIB wants to do it differently from how other multilateral developments banks have done

We will have inflation at an elevated level for some time, says AIIB chief economist Erik Berglof

The bank's decision was regarded as noteworthy considering that Russia is its third-largest shareholder

Many low- and mid-income countries lack their own domestic data infrastructure, and the disparities in data center penetration among countries with different income levels are wide

Former RBI governor Urjit Patel was on Tuesday appointed as vice president for investment operations in South Asia at the Beijing-based Asian Infrastructure Investment Bank (AIIB)

Former RBI Governor Urjit Patel has been appointed as a Vice President of the Beijing-based multilateral funding institution AIIB, according to sources in the bank on Sunday. India is a founding member of the Asian Infrastructure Investment Bank (AIIB) with the second highest voting share after China. It is headed by former Chinese vice minister for finance Jin Liqun. Patel, 58, will be one of the five Vice Presidents of the AIIB with a three-year tenure. He is expected to take over his posting next month. He will succeed outgoing Vice President D J Pandian, who is in charge of sovereign and non-sovereign lending of the AIIB in South Asia, the Pacific Islands and South-East Asia, AIIB sources told PTI. Pandian, who has previously served as the chief secretary of Gujarat, is set to return to India later this month. Patel had taken over as the 24th Governor of the Reserve Bank of India (RBI) succeeding Raghuram Rajan on September 5, 2016. Patel resigned in December, 2018 "on accoun

Countries offering decarbonisation opportunities will be more competitive, says AIIB chief economist Erik Berglöf

She took part in the annual meeting of the board of governors of Asian Infrastructure Investment Bank (AIIB) via video conference

Phase-2 of the project will ensure seamless multimodal transport across Chennai, with integrated access to suburban rail, bus stations and the main airport

The Indian government needs to take more steps to encourage banks and NBFCs to lend more to MSMEs, according to Asian Infrastructure Investment Bank (AIIB) Senior Economist Abhijit Sengupta.

The total estimated cost of the project is $365 million, of which $304 million will be financed by the AIIB and rest by the state government

The Beijing-backed Asian Infrastructure Investment Bank (AIIB) will follow other development banks in helping to finance the rollout of vaccines, its president said

The Beijing-based multilateral funding agency had earlier approved a financial assistance of $1.2 billion for India to fight the Covid-19 pandemic

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

This is the first tranche of a $100 mn loan by the Bejing-based multilateral development bank; proceeds will be used to on-lend to large and mid-scale wind and solar power infra projects in India

India's pivotal position in South Asia, its strong economic ties with ASEAN+6 countries and its presence in the G20 make its participation critical

While AIIB is a multilateral development bank, which has got India as a member too, PBoC is China's central bank

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