CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The China-led Asian Infrastructure Investment Bank (AIIB) has approved first loans for projects in how many country
A
5
B
4
C
3
D
7
Explanation: 

Detailed explanation-1: -They become members after finishing their domestic procedures. As of 8 August 2022, the total number of countries approved for membership of AIIB is 106 (Regional Members: 47, Non-Regional Members: 45, Prospective Members: 14).

Detailed explanation-2: -India is by far the top recipient of AIIB loans, accounting for almost 20% of the bank’s projects.

Detailed explanation-3: -28 (Xinhua)–The Asian Infrastructure Investment Bank (AIIB) has approved the application of Nigeria to join the bank, bringing its total membership to 104, 11 of which are from Africa. The AIIB’s African members are responsible for over 60 percent of the continent’s gross domestic product.

Detailed explanation-4: -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).

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