Asian Infrastructure Investment Bank (AIIB) has approved USD 150 million equity investment loan to the India Infrastructure Fund. It is the banks first such loan to fund private projects. AIIB based in-?

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Asian Infrastructure Investment Bank (AIIB) has approved USD 150 million equity investment loan to the India Infrastructure Fund. It is the bank’s first such loan to fund private projects. AIIB based in-?

A	France
B	Australia
C	China
D	Germany

Explanation:

Detailed explanation-1: -Multilateral bank Asian Infrastructure Investment Bank (AIIB), will invest $150 million in the development of data centers that mostly serve emerging Asia.

Detailed explanation-2: -The Asian Infrastructure Investment Bank (AIIB) has committed USD150 million to invest in the development of data centers that mostly serve emerging Asia through the Keppel Data Centre Fund II (KDCF II), a closed-end private equity vehicle managed by Alpha Investment Partners Limited (Alpha).

Detailed explanation-3: -India is a founding member of the Asian Infrastructure Investment Bank (AIIB) with the second-highest voting share after China. Patel will be one of the 5 Vice Presidents of the AIIB with a three-year tenure. He will succeed outgoing Vice President D.J. Pandian.

Detailed explanation-4: -AIIB began operations in 2016 with 57 founding Members (37 regional and 20 nonregional). By the end of 2020, we had 103 approved Members representing approximately 79 percent of the global population and 65 percent of global GDP.

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