As India is the largest client of the AIIB, the Finance Minister reiterated during the meeting that it should think of setting up a regional presence in India to facilitate dialogue and outreach to project authorities. Finance Minister Nirmala Sitharaman on Friday urged the Asian Infrastructure Investment Bank (AIIB) to scale up investments and mobilise […]
India, AIIB sign agreement to improve Assam power transmission
The project aims to strengthen Assam’s electricity transmission system by constructing 10 transmission substations New Delhi: India and the Asian Infrastructure Investment Bank (AIIB) on Tuesday signed a $304 million loan agreement for the Assam Intra-State Transmission System Enhancement Project to improve reliability, capacity and security of the power transmission network in the northeastern state. […]
AIIB debut in GBP market unlocks new financing for sustainable development
AIIB’s GBP 800 million five-year sustainable development bond is its fourth syndicated capital markets benchmark transaction in 2020, following successful 5-year and 3-year USD-denominated benchmarks and a debut Panda bond earlier in the year. This inaugural transaction in the GBP market attracted over GBP 2 billion in orders from over 74 investors across the globe. In its debut in […]
The Asian Infrastructure Investment Bank (AIIB) Makes Changes To Leadership Team
AIIB President Jin Liqun today announced changes to his leadership team in preparation for the next phase of the Bank’s development. Thierry de Longuemar, AIIB’s current Vice President and Chief Financial Officer will be retiring on Dec. 31, 2019 but will continue to work for AIIB in an advisory capacity. De Longuemar, AIIB’s first Chief […]
Signing of the Memorandum of Understanding between AIIB and the Ministry of Energy of the Republic of Kazakhstan
On Nov. 28, 2019, Asian Infrastructure Investment Bank (AIIB) Director General of Investment Operations Yee Ean Pang and the Acting Minister Makhambet Dosmukhambetov of the Ministry of Energy of the Republic of Kazakhstan signed a Memorandum of Understanding (MOU) to enhance the investing environment for renewable energy in Kazakhstan. Based on its expertise, AIIB will […]
AIIB Investment in India nears USD3 Billion
Bank approves USD500 million for Mumbai Metro, USD75 Million for Renewable Energy The Asian Infrastructure Investment Bank (AIIB) has ramped up its investments in India with total in-country financing now standing at USD2.9 billion. Two of its most recent projects—approved by AIIB’s Board of Directors in October totaling USD575 million—are expected to ease congestion in […]
AIIB Lends $75 Million To Tata Cleantech Capital
The Asian Infrastructure Investment Bank (AIIB) has approved $575 million in loans to two urban infrastructure projects in India as part of its efforts to ramp up investments in the country. It is extending a credit line of $500 million to Mumbai’s suburban railway network and a $75-million loan to Tata Cleantech Capital Ltd, AIIB […]