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AIIB News

FM Nirmala Sitharaman

26 Oct 2022

'India embarks on the path of self-reliant economy': Nirmala Sitharaman

AIIB needs to scale up investment in clean energy and infrastructure. FM Nirmala Sitharaman said while addressing Asian Infra. Investment Board meeting. India is a founding member and the second-largest shareholder in AIIB.

Asian Infrastructure Investment Bank

26 Jun 2018

AIIB keen on affordable housing investment, seeks govt support

Till now, the bank has invested USD 1.6 billion in seven projects in the country and has not taken any direct exposure in the affordable housing segment.

Asia Infrastructure Investment Bank

17 Jan 2017

30 more countries express interest in joining AIIB: China

Thirty more countries have applied for joining the China-sponsored Asia Infrastructure Investment Bank in which India is the second largest shareholder, the Foreign Ministry here said today.

27 Jun 2016

Finance Minister Arun Jaitley cuts short China visit

Finance Minister Arun Jaitley has cut short his visit to China by a day and returned here in the wake of attacks on him and top officials of his ministry by BJP MP Subramanian Swamy.

26 Jun 2016

'India preparing projects worth $2-3 billion for funding by AIIB'

India is preparing a basket of projects worth USD 2-3 billion for funding by the Asian Infrastructure Investment Bank (AIIB) in several areas like urban development and energy and is ready to set up an office of the China-backed bank in New Delhi.

26 Jun 2016

India needs $1.5 trillion for infrastructure development: Arun Jaitley

India needs over USD 1.5 trillion in investment in the next 10 years to bridge infrastructure gap as the government intends to connect seven hundred thousand villages with roads by 2019 as part of a massive modernisation plan, Finance Minister Arun Jaitley said on Sunday.

BRICS countries

01 Jun 2016

BRICS bank to issue first yuan-denominated bonds

Beijing: The New Development Bank of the BRICS countries is set to issue its first yuan-denominated bonds with plans to release more bonds in local currencies including in Indian Rupee, a top official of the bank has said.

13 May 2016

China-led AIIB to hold first annual meet next month

The China-led Asian Infrastructure Investment Bank (AIIB) in which India is a founding member will hold its first annual meeting of its board of governors on June 25 here in which the admission of new members was expected to be discussed.

18 Jan 2016

The fate of AIIB linked to Chinese economy: Daily

The fate of China-backed Asian Infrastructure Investment Bank (AIIB) is connected to the Chinese economy and its capability to face the problems posed by adverse attitude of the US, a state-run Chinese daily said Monday.

17 Jan 2016

India elected to board of directors of China-backed AIIB

Dinesh Sharma, Additional Secretary of Ministry of Finance has been elected to the 12-member board for which a secret ballot was held yesterday, Indian officials here told PTI.

16 Jan 2016

Xi Jinping launches Asian Infrastructure Investment Bank

China-backed Asian Infrastructure Investment Bank (AIIB) in which India and 56 countries have joined as founding members was formally opened here today by President Xi Jinping.

Asian Infrastructure Investment Bank

11 Jan 2016

AIIB president-designate calls on PM Narendra Modi

Ahead of the commencement of its lending operations, president-designate of the newly-created Asian Infrastructure Investment Bank (AIIB) Jin Liqun on Monday called on Prime Minister Narendra Modi.

Asian Infrastructure Investment Bank

25 Dec 2015

China-backed AIIB formally established in Beijing

The bank's establishment came after 17 funding members of the AIIB.

03 Dec 2015

China-backed AIIB to open for business in mid January

China-sponsored Asian Infrastructure Investment Bank (AIIB) in which India is a founder member along with other 56 countries will open in mid-January next year, an official has said.

04 Nov 2015

China ratifies AIIB agreement

China's top legislature Wednesday ratified the Asian Infrastructure Investment Bank (AIIB) agreement, that will set out legal framework for the USD 100 billion-bank in which India and 56 other countries are founder members.

28 Oct 2015

China-based New Development Bank, AIIB making progress: Officials

The New Development Bank set up by BRICS nations is expected to approve its first loan in April while the Asian Infrastructure Investment Bank will begin formal operations next year, senior officials said Wednesday.

07 Oct 2015

AIIB to invest in Pakistan's infrastructure development

The visiting president-designate of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun on Wednesday showed interest in financing infrastructure projects in energy, transport, sea port and urban development areas in Pakistan.

Asian Infrastructure Investment Bank

19 Sep 2015

Over 20 countries on 'waiting list' to join AIIB: China

More than 20 countries are waiting to join the China-initiated Asian Infrastructure Investment Bank (AIIB), its designated president said Saturday as he allayed concerns it was aimed to challenge US and Japanese influence in the region.

02 Sep 2015

China's AIIB to offer loans with fewer strings attached: Sources

China's new international development bank will offer loans with fewer strings attached than the World Bank, sources said, as Beijing seeks to change the unwritten rules of global development finance.

24 Aug 2015

AIIB negotiators endorse ex-Chinese FM as first president

Former Chinese finance minister Jin Liqun has been unanimously endorsed as the official candidate for the AIIB president by the founding member nations, including India, taking another step forward in their bid to create a rival to the World Bank and IMF.

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