Question : Which of the following has committed USD150 million to invest in the development of data centers that mostly serve emerging Asia through the Keppel Data Centre Fund II ?
a. AIIB
b. IMF
c. USAID
d. World Bank
Ans. a.
Related facts –
- AIIB has recently(January 2022) committed USD150 million to invest in the development of data centers that mostly serve emerging Asia through the Keppel Data Centre Fund II(KDCF II).
- KDCF II is a closed-end private equity vehicle managed by Alpha Investment Partners Limited (Alpha).
- It is AIIB’s first data center project.
- It is notable that AIIB has been investing in digital infrastructure in the past, but such investments are becoming more essential nowadays with the acceleration of 5G technology and other high-speed/supercomputing digital infrastructure due to the pandemic.
- AIIB’s investment of USD100 million through a parallel fund structure and USD50 million through co-investments mark the final close of KDCF II.
- Significance —
- Many low- and mid-income countries lack their own domestic data infrastructure, and the disparities in data center penetration among countries with different income levels are wide.
- This reflects shortcomings in the investment climate where major global investors have largely shunned investing in emerging and frontier economies.
- KDCF II will enhance capital mobilization to develop data centers serving emerging Asia.
- AIIB —
- The Asian Infrastructure Investment Bank(AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core.
- Keppel —
- Keppel Capital is a premier asset manager in Asia.
- It is the asset management arm of Keppel Corporation, one of Singapore’s flagship multinational companies with a presence in more than 20 countries.
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