India, Top Borrower from China-Sponsored AIIB in 2017

Posted on:15 Jan 2018 09:33:40
India, Top Borrower from China-Sponsored AIIB in 2017
15 January 2018 Current Affairs: India emerged as a top borrower from the China-sponsored Asian Infrastructure Investment Bank (AIIB) with USD 1.5 billion worth of loans last year and USD three billion more in the pipeline. 

India's Ambassador Gautam Bambawale met AIIB President Jin Liqun in Beijing and held in-depth talks on deepening India's engagements with the bank.

Next, to India, Indonesia has emerged as the second largest borrower with about USD 600 million loans.

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