Thursday, March 31, 2016

China-led Asian Infrastructure Investment Bank agrees to fund US$500M to India for eco friendlyinvestment projects

India hopes to receive one of the first loans issued by the China-led Asian Infrastructure Investment Bank later this year, as it looks to raise $500M for solar power projects from the newly created lender. The AIIB, which has authorized capital of $100B, plans to join global clean-energy initiatives, and could fund eco-friendly investment projects to avoid allegations of promoting pollution.