CURRENT AFFAIRS

Detailed explanation-1: -The Asian Infrastructure Investment Bank (AIIB) is set to invest $150 million in the development of data centers to 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: -Asian Infrastructure Investment Bank (AIIB), a multilateral development bank has committed USD 150 million to invest in the development of data centres that mostly serve emerging Asia. This project is being AIIB’s 1st data centre project.

Detailed explanation-4: -AIIB offers sovereign and non-sovereign financing for sound and sustainable projects in energy and power, transportation and telecommunications, rural infrastructure and agriculture development, water supply and sanitation, environmental protection, and urban development and logistics.

Detailed explanation-5: -Multilateral bank Asian Infrastructure Investment Bank (AIIB), will invest $150 million in the development of data centers that mostly serve emerging Asia.