As of end 2017, AIIB had granted just over $1 billion worth of loans for various infrastructure projects in India. Photo: MintThe third annual meeting of the board of governors of the Asian Infrastructure Investment Bank (AIIB) is scheduled to be held in Mumbai in June. This is fitting; India is the AIIB’s second-largest shareholder and is also a major recipient of loans from the bank. As of end 2017, AIIB had granted just over $1 billion worth of loans for various infrastructure projects in India. In fact, more than half of the AIIB loans to date have been co-financed with other MDBs.

Source: Mint February 28, 2018 18:00 UTC