AIIB approves $60m commitment

The multilateral bank has backed an infrastructure fund.

Institution: Asian Infrastructure Investment Bank
Headquarters: Beijing, China
AUM: $37.09 billion

Asian Infrastructure Investment Bank has approved a $60 million commitment to STIC Asia Infrastructure Innovation Fund, which is managed by STIC Investments.

The objective of this commitment is to foster technology-enabled infrastructure innovation in developing Asian economies by mobilising private capital. The multilateral financial institution’s participation aims to promote the adoption and development of digital infrastructure and green energy infrastructure technologies.

As illustrated below, AIIB’s recent commitments have targeted the energy, renewables, transport and social infrastructure sectors in Asia.

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