Modi at AAIB meet: What PM wants from this bank

Updated: June 26, 2018 16:19 pm

Inaugurating the third annual meeting of the Asian Infrastructure Investment Bank (AIIB) in Mumbai today, Prime Minister Narendra Modi set big targets for AIIB, asking it to expand its loan book by 10 times to $40 billion by 2020 and $100 billion by 2025. He said that interest rates offered by AIIB need to be affordable and sustainable.