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Tag: Asian Infrastructure Investment Bank

AIIB extends $500 mn loan for India's Covid fight

New Delhi: The Asian Infrastructure Investment Bank’s (The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a loan of $500 million to support India’s fight against the coronavirus pandemic by strengthening the country’s health system. Titled ‘India COVID-19 Emergency Response and Health Systems Preparedness Project’, it is funded by AIIB’s COVID-19 Crisis Recovery […]

Hong Kong becomes AIIB member

Hong Kong: Hong Kong on Tuesday said that it has become a member of the Asian Infrastructure Investment Bank (AIIB). In May, the Finance Committee of the Legislative Council approved the funding for subscription of 7,651 shares of the AIIB’s capital, including 1,530 paid-in shares that amount to about 1.2 billion Hong Kong dollars ($150 […]

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World Bank to deepen cooperation with AIIB

Washington: The World Bank and the Asian Infrastructure Investment Bank (AIIB) signed a memorandum of understanding (MoU) here to strengthen cooperation between the two institutions, officials said. Under the MoU, both sides on Sunday agreed to cooperate on areas, including development financing, staff exchanges, and analytical and sector work, Xinhua news agency reported. “It paves […]