Finance Minister flags problems over AIIB-funded border projects

Published on: 17 Jul 2023 at 11:42 AM

Published by: thefactnews

The Fact News Service

New Delhi, July 16

Union Finance Minister Nirmala Sitharaman on Sunday took up problems linked to China-led Asian Infrastructure Investment Bank (AIIB) approving projects in India’s border regions.

In a meeting with AIIB president Jin Liqun, Sitharaman, who is also a governor of the bank as India is its second largest shareholder, “discussed critical issues relating to governance, personnel and approvals of Indian projects in Uttarakhand, Himachal Pradesh and other border states in India”. There was no further elaboration. Even immediately after the Galwan valley clash, India had continued to depend on AIIB financing, including for several marquee projects such as the Delhi to Meerut Rapid Rail project and the Mumbai Metropolitan Transport Project.