AIIB es­tab­lished in China

Project Monitor - - FRONT PAGE - Sian In­fra­struc­ture In­vest­ment Bank (AIIB) that is backed by China and in which In­dia is a founder mem­ber along with other 56 coun­tries was for­mally es­tab­lished in Bei­jing on De­cem­ber 26, 2015. Op­er­a­tions are ex­pected to start in Jan­uary 2016. “The AIIB i

AIIB will fo­cus on the de­vel­op­ment of in­fra­struc­ture and other pro­duc­tive sec­tors in Asia, in­clud­ing en­ergy and power, trans­porta­tion and telecom­mu­ni­ca­tions, among sev­eral oth­ers.

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