FM Sitharaman urges AIIB to aid low-income nations
2 months, 4 weeks ago

FM Sitharaman urges AIIB to aid low-income nations

Deccan Chronicle  

New Delhi: Union finance minister Nirmala Sitharaman on Wednesday said that Asian Infrastructure Investment Bank should continue to focus on a client-centric approach and facilitate member countries, particularly low-income countries to avail financial resources through technical assistance. “The Union Finance Minister suggested that @AIIBOfficial should continue strengthening its client centric approach and facilitate member countries, particularly Low-Income Countries to avail financial resources through technical assistance and other non-financial services,” the finance ministry said in a post on X. Earlier in the day, Ms Sitharaman also met her Qatar counterpart Ali bin Ahmed Al Kuwari and discussed bilateral trade, investments, digital public infrastructure and bilateral investment treaty among others. “India remains the fastest-growing large economy in the world, which makes it an excellent destination for investment opportunities for Qatari entities in sectors like energy, infrastructure, logistics, hospitality, food security and startups etc,” she said.

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History of this topic

Nirmala Sitharaman to attend AIIB annual meet in Uzbekistan
3 months ago

Nirmala Sitharaman to attend AIIB annual meet in Uzbekistan

The Hindu  

Finance Minister Nirmala Sitharaman will attend the 9th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank scheduled in Samarkand, and hold bilateral meetings with her counterparts from Uzbekistan, Qatar, China, and AIIB President. “In the Annual Meeting of AIIB, the Union Finance Minister will attend as the Indian Governor to the AIIB. The multilateral discussions …

Asian Infrastructure Investment Bank | Banking on China
1 year, 6 months ago

Asian Infrastructure Investment Bank | Banking on China

The Hindu  

Canada’s decision to “immediately halt” its involvement in the Asian Infrastructure Investment Bank has brought the spotlight to the inner workings of the Beijing-based multilateral development bank. At the bank’s launch in 2016, Mr. Xi said the goal was for “member states act in strict compliance with multilateral procedures, making sure that the AIIB becomes a truly international, rule-based and …

What is Asian Infrastructure Investment Bank? India, its largest borrower, accused of Chinese influence
1 year, 6 months ago

What is Asian Infrastructure Investment Bank? India, its largest borrower, accused of Chinese influence

Hindustan Times  

The Asian Infrastructure Investment Bank is under scrutiny after its Canadian communications chief resigned over what he called China's undue influence in the multilateral organisation. Concerns Critics led by the United States worried that the AIIB would set much lower standards for projects that would undermine principles of social, environmental and economic sustainability adhered to by other lenders. There were …

Tracking the impact of U.S.-China tensions on global financial institutions
1 year, 7 months ago

Tracking the impact of U.S.-China tensions on global financial institutions

NPR  

Tracking the impact of U.S.-China tensions on global financial institutions Enlarge this image toggle caption Fred Dufour/AFP via Getty Images Fred Dufour/AFP via Getty Images How have the rising geopolitical tensions between the United States and China impacted the Chinese-led Asian Infrastructure Investment Bank? "Regardless of the bilateral issues, which seems to be troubling these two big countries, AIIB has …

FM urges AIIB to scale up investment in renewal energy, smart technologies
2 years, 1 month ago

FM urges AIIB to scale up investment in renewal energy, smart technologies

Deccan Chronicle  

NEW DELHI: Finance Minister Nirmala Sitharaman on Friday asked the Asian Infrastructure Investment Bank to scale up investment in renewal energy and smart technologies and also urged the multilateral agency to set up a regional office in India. AIIB President Jin Liqun called upon the finance minister here and discussed various issues of relevance to the bank. @nsitharaman suggested that …

AIIB's Erik Berglof on ongoing economic turmoil and more
2 years, 5 months ago

AIIB's Erik Berglof on ongoing economic turmoil and more

Business Standard  

Q1: How different is the current economic turmoil that India and the world is experiencing from the past ones? Ans: >We are in a world which is very different after February 24 >The pandemic had created a divergence between the advanced economies and developing economies >The divergence was playing out in access to vaccines, scarring in terms of unemployment and …

AIIB projects $50b investment for climate finance by 2030
3 years, 1 month ago

AIIB projects $50b investment for climate finance by 2030

China Daily  

A view of the headquarters building of the Asian Infrastructure Investment Bank in Beijing. The Asian Infrastructure Investment Bank said on Tuesday it estimates its cumulative climate finance approvals to reach $50 billion by 2030, representing a fourfold increase in annual climate finance commitments since AIIB started publicly reporting the number in 2019. Speaking at a news conference on the …

Indian FM Invites Beijing-based AIIB to Participate in $1.4 Trillion National Infrastructure Pipeline
4 years, 4 months ago

Indian FM Invites Beijing-based AIIB to Participate in $1.4 Trillion National Infrastructure Pipeline

News 18  

Finance Minister Nirmala Sitharaman on Tuesday invited Beijing-based AIIB to participate in India's ambitious USD 1.4 trillion infrastructure development programme which the government is keenly pushing to revive economic growth hit by COVID-19 pandemic. "To give a boost to the infrastructure development, India has launched the National Infrastructure Pipeline 2020-2025 with estimated expenditure of USD 1.4 trillion that has created …

Xi expected to support AIIB in financing recovery
4 years, 4 months ago

Xi expected to support AIIB in financing recovery

China Daily  

President Xi Jinping chairs the Extraordinary China-Africa Summit on Solidarity against COVID-19 and delivers a keynote speech at the summit in Beijing, capital of China, June 17, 2020. President Xi Jinping is set to address a key meeting of the Asian Infrastructure Investment Bank on Tuesday at which analysts said he may unveil more policies to support the bank as …

AIIB has proved to be an effective facilitator of international cooperation: China Daily editorial
4 years, 4 months ago

AIIB has proved to be an effective facilitator of international cooperation: China Daily editorial

China Daily  

The sign of Asian Infrastructure Investment Bank is pictured at its headquarters in Beijing, July 27, 2020. President Xi Jinping has on many occasions stressed that peace and development remain the call of our times, and in his speech at the opening ceremony of the Fifth Annual Meeting of the Asian Infrastructure Investment Bank on Tuesday, he once again urged …

Xi expected to support AIIB in financing recovery
4 years, 4 months ago

Xi expected to support AIIB in financing recovery

China Daily  

President Xi Jinping chairs the Extraordinary China-Africa Summit on Solidarity against COVID-19 and delivers a keynote speech at the summit in Beijing, capital of China, June 17, 2020. President Xi Jinping is set to address a key meeting of the Asian Infrastructure Investment Bank on Tuesday at which analysts said he may unveil more policies to support the bank as …

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