Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

AIIB to invest in IFC fund

September 29, 2017


Abstract : The Asian Infrastructure Investment Bank (AIIB) has announced it will invest 150 million U.S. dollars in the International Finance Corporation (IFC)'s Emerging Asia Fund to address the infrastructure gap in Asia.

亚投行获穆迪最高信用评级

 

BEIJING, Sept. 28 (Xinhua) -- The Asian Infrastructure Investment Bank (AIIB) has announced it will invest 150 million U.S. dollars in the International Finance Corporation (IFC)'s Emerging Asia Fund to address the infrastructure gap in Asia.

The bank will become one of the fund's biggest investors, according to a statement.

The IFC, a member of the World Bank Group, offers investment and advisory services to help private sector growth and poverty reduction in developing countries.

"To mobilize sufficient funds to address the huge infrastructure needs across Asia, multilateral development institutions must collaborate with each other and a range of other partners," said D.J. Pandian, Vice President and Chief Investment Officer of the AIIB.

Pandian said the bank will continue to work with other international financial institutions to help the region's development.

The AIIB also approved loans of 100 million U.S. dollars for an electricity transmission project in India, which will build five lines to optimize the electricity system, improve the generation mix, and better utilize renewable energy resources.

The project will be co-financed by the Asian Development Bank.

Since launching in 2016, the AIIB has approved 3.59 billion U.S. dollars for 21 infrastructure projects in 11 countries, with 16 co-financed with other lenders.

Scan the QR code and push it to your mobile phone

Keyword: China-AIIB

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial