D. J.
Pandian IAS – Vice President of AIIB
Former
chief secretary of Gujarat Mr. D. J. Pandian has been appointed vice-president
and chief investment officer of the newly-created Asian Infrastructure
Investment Bank (AIIB).
About AIIB:
·
The China-led
AIIB was formally set up in Beijing on December 25, 2015.
·
AIIB was set up
to boost lending for infrastructure projects.
·
With authorised
capital of USD 100 billion and subscribed capital of USD 50 billion, AIIB will
invest in sectors such as energy, transportation, urban construction and
logistics as well as education and healthcare.
·
China, India and
Russia are the three largest shareholders, taking 30.34 per cent, 8.52 per
cent, 6.66 per cent stake, respectively, in the newly-formed bank.
·
Their voting
shares are calculated at 26.06 per cent, 7.5 per cent and 5.92 per cent,
respectively.
·
AIIB - headquartered
at Beijing; President - China's Jin Liqun; Number of countries in AIIB - 57
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