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AIIB Approves Loans to China

December 11, 2017

China-led AIIB ( Asian Infrastructure Investment Bank), funded with funding from 21 countries including India, Russia, Germany and South Korea, announced on Monday that it has approved a USD250m loan to help Beijing change its coal fires to reduce air pollution effects during the winter season.

The money will go to a natural gas transmission pipe network project, which is expected to cover 510 villages around China's capital city, according to the bank.


 -  Staff Writer APMR News

Article published on : 2017  December 11,  6:45 pm GMT+800

Article last updated : 2017  December 11, 10:55 pm GMT +800

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