AIIB approved first loans for projects in four countries

AIIB's Board of Directors Approves $509 M Financing for its First 4 Projects

Question: Recently AIIB has approved first loans for projects in four countries. Which of the following country is not included ?
(a) Bangladesh
(b) Pakistan
(c) Indonesia
(d) Afghanistan
Ans:(d)
Related facts:

  • On 24 June 2016 the Asian Infrastructure Investment Bank’s Board of Directors approved its first 4 loans totalling $509 million to finance 4 projects.
  • Pakistan, Bangladesh, Indonesia and Tajikistan will get the first set of loans totalling $ 509 million.
  • Three of the 4 projects are co-financing operations with multilateral development bank (MDB) partners.
  • The approved loans includes:
  • A $165 million loan for a Power Distribution System Upgrade and Expansion Project in Bangladesh;
  • A $216.5 million loan for a National Slum Upgrading Project in Indonesia, expected to be co-financed with the World Bank;
  • A $100 million loan to finance the Shorkot-Khanewal Section of National Motorway M-4 in Pakistan, co-financed with the Asian Development Bank (ADB) and the United Kingdom’s Department for International Development (DFID); एंड
  • A $ 27.5 million loan for the Dushanbe-Uzbekistan Border Road Improvement Project in Tajikistan, co-financed with the European Bank for Reconstruction and Development (EBRD).
  • The Asian Infrastructure Investment Bank (AIIB) is an international financial institution that aims to support the building of infrastructure in the Asia-Pacific region.
  • The bank started operation after the agreement entered into force on 25 December 2015 with the capital of $100 billion.
  • China is the largest shareholder with 26.6 per cent voting shares. India is the second largest shareholder with 7.5 per cent voting shares.
  • Its headquarters is in Beijing, capital city of China.
  • Jin Liqun is currently the President of Asian Infrastructure Investment Bank.

Reference:
http://euweb.aiib.org/html/2016/NEWS_0624/120.html
http://news.xinhuanet.com/english/2016-06/25/c_135464623.htm
http://www.financialexpress.com/article/industry/banking-finance/aiib-approves-first-loans-for-projects-in-four-countries/296316/