India has emerged as a top borrower from the China-sponsored Asian Infrastructure Investment Bank (AIIB) with USD 1.5 billion worth of loans last year and USD three billion more in the pipeline.
India’s Ambassador Gautam Bambawale met AIIB President Jin Liqun in Beijing and held in-depth talks on deepening India’s engagements with the bank. Next to India, Indonesia has emerged as the second largest borrower with about USD 600 million loans.
Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
- AIIB Headquarter- Beijing, China, Commenced operations in- January 2016.
- AIIB President- Mr Jin Liqun.
Source- DD News