Asian Infrastructure Investment Bank (AIIB):

GS Paper 2: Topics Covered: Important International institutions, agencies and fora, their structure, mandate.   Context: Asian Infrastructure Investment Bank (AIIB) has put all activities relating to Russia and Belarus on hold and under review in the wake of the current conflict in Ukraine. The AIIB referred to the situation as “war in Ukraine”, the …

Asian Infrastructure Investment Bank (AIIB):

GS Paper 2: Topics Covered: Important International institutions, agencies and fora, their structure, mandate.   Context: Former Reserve Bank of India (RBI) governor Urjit Patel has been appointed vice-president of the Beijing-based Asian Infrastructure Investment Bank (AIIB). Mr.Patel will serve a three-year term as one of the multilateral development bank’s five vice-presidents.   What is …

Asian Infrastructure Investment Bank (AIIB):

GS Paper 2:  Topics Covered: Important International institutions, agencies and fora, their structure, mandate.   Context: AIIB has said that it would look to fund both social as well as climate-resilient infrastructure in India in the coming years. Meanwhile, it has also asked India to strike a balance between ramping up physical infrastructure and the social …