Current Affairs - State - Discussion

The Beijing Headquartered Asian Infrastructure Investment Bank (AIIB) had approved a $400 million loan for a Water Sanitation Project in Andhra Pradesh. The Project will be very helpful for women and girls of affected community in Andhra Pradesh and it will reduce the health risks and health expenditure for the people of Andhra Pradesh. India is the second largest shareholder of Asian Infrastructure Development Bank after China. After this Loan the overall loan amount of India from AIIB reached to $2 Billion spread over nine projects. This loan will strengthen the AIIB's capacity and loan demand from other states is also expected to increase.