AIIB set to support Indian sovereign wealth fund
The Asian Infrastructure Investment Bank (AIIB), a Beijing-based multilateral development bank aimed at supporting infrastructure projects in the region, plans to invest up to $200 million in the Indian government-backed National Infrastructure and Investment Fund (NIIF).
AIIB’s investment in NIIF is part of a larger package of loans for infrastructure projects in India totaling $1.5 billion, the bank’s president, Jin Liqun, said following a meeting with Indian Prime...
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