China-led Asian Infrastructure Investment Bank has approved USD 150 million equity investment loan to the India Infrastructure Fund. It is the bank’s first such loan to fund private projects.
The Board of Directors of the AIIB, who met in Jeju in South Korea has approved USD 150 million equity investment to the India Infrastructure Fund. The bank, in which India is a lead partner, has approved two loans and one equity investment totalling USD 324 million to support infrastructure projects in India, Georgia and Tajikistan.
This initiative will benefit local infrastructure development by enhancing private capital inflows from global long-term investors, such as public pension funds, endowments and insurance companies.
Important Takeaways from Above News-
- Asian Infrastructure Investment Bank (AIIB) headquarters in Beijing, China.
Source- The Economic Times