FOUR of China’s five largest state-owned banks said they have increased their provisions against bad debt to brace for future losses due to the impact of the global coronavirus pandemic.
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a loan of EUR70 million (approximately USD82.6 million equivalent) to support the Government of Turkey in strengthening its healthcare emergency response against the COVID-19 pandemic.
Official reserve assets of the Turkish Central Bank reached $90.3 billion as of end-July, rising 4.5% month-on-month, according to data from the bank on Friday. Foreign currency reserves — in convertible foreign currencies — decreased 1.4% to $45.
The Board of Governors of the Asian Infrastructure Investment Bank (AIIB) has approved Liberia’s membership at its Fifth Annual Meeting held in Beijing, China, on Tuesday, July 28, 2020.
The number of customers aged between 20 and 29 failing to pay off credit loans soared in June, fueling concerns that unemployed young people with low credit and little collateral to offer will emerge as the highest-risk borrowers amid the virus-triggered economic crisis.
NEW DELHI (Metro Rail News): As part of its effort to improve connectivity, Beijing-based multilateral funding agency AIIB is looking to provide loans worth USD 3 billion for various large infrastructure projects, including Delhi Meerut Rapid Rail, Mumbai Metro Rail and Chennai Peripheral Ring Road
The Chief Designer of Chinese stealth, fifth-generation J-20 jets, Yang Wei, has explained the vast, unmatched capabilities of J-20 aircraft.