COVID-19 Active Response and Expenditure Support Programme

News: Government of India and Asian Infrastructure Investment Bank (AIIB) has signed a $750 million “COVID-19 Active Response and Expenditure Support Programme”. Facts: Aim: To assist India to strengthen its response to the adverse impacts of the COVID-19 pandemic on poor and vulnerable households. Programme Beneficiaries: Families below poverty line, farmers, healthcare workers, women, widows, people… Continue reading COVID-19 Active Response and Expenditure Support Programme

India, AIIB sign agreement for USD 500 million COVID-19 support for India

News:Government of India and the Asian Infrastructure Investment Bank(AIIB) signed an agreement for a $500 million “COVID-19 Emergency Response and Health Systems Preparedness Project”. Facts: The project is co-financed by the World Bank. Aim: To help India prevent, detect and respond to the COVID-19 pandemic and strengthen its public health preparedness. Additional Facts: Crisis Recovery… Continue reading India, AIIB sign agreement for USD 500 million COVID-19 support for India

Crisis Recovery Facility

News:Asian Infrastructure Investment Bank(AIIB) has set up a US$10 billion Crisis Recovery Facility in the wake of the Coronavirus pandemic. Facts: Aim: To provide financing to both public and private sector entities within its members facing serious adverse impacts as a result of Coronavirus pandemic. Additional Facts: AIIB: The Asian Infrastructure Investment Bank(AIIB) is an… Continue reading Crisis Recovery Facility

AIIB to lend $500 million to Mumbai suburban rail

News:The Asian Infrastructure Investment Bank(AIIB) has committed to lending $500 million to expand Mumbai’s suburban railway network. Facts: About AIIB: The Asian Infrastructure Investment Bank (AIIB) is an international financial institution formed in 2016. The bank was proposed by China in 2013.It is headquartered in Beijing,China. The purpose of the bank is to provide finance… Continue reading AIIB to lend $500 million to Mumbai suburban rail