Monday marks the seventh anniversary of the Asian Infrastructure Investment Bank, a multilateral development bank with a mission to enhance social and economic progress in Asia.
AIIB says the project to upgrade the metro line will improve the quality of public transportation for the growing population in the Egyptian city of A.
KIIF has already received commitments worth Rs 5,328 crore from anchor investors including Canada Pension Plan Investment Board and the Asian Infrastructure Investment Bank (AIIB).
Sri Lanka needs a coordinated assistance program supported by the multilateral financial institutions to recover from the economic crisis the country is currently facing, according to the global financial institutions on Tuesday.Sri Lanka is going through its worst economic crisis since its independence in 1948, triggered by a severe paucity of foreign exchange reserves.