In a recent development the Board of Directors of the Asian Infrastructure Investment Bank (AIIB) has approved $150 million equity investment loan to the India Infrastructure Fund, the bank's first such loan to fund private projects, a bank statement said that the members of Board of Directors met in Jeju in South Korea and the bank, in which India is a lead partner, has approved two loans and one equity investment totaling $324 million to support infrastructure projects in India, Georgia, and Tajikistan. The Infrastructure Fund aims to invest in mid-cap infrastructure companies in India, and to expand the bank's equity and loan deal sourcing pipelines in the private sector through its equity participation in this fund.
