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Urjit Patel has been appointed vice-president of the Asian Infrastructure Investment Bank (AIIB), a multilateral development bank aimed at improving social and economic outcomes in Asia through sustainable infrastructure investments. Established in 2015 and operational since 2016, AIIB has rapidly grown to 103 members and has received AAA ratings from major credit agencies. It has notably funded 28 projects in India, emphasizing green initiatives and public health during the COVID-19 pandemic.

Author

Boopathi Raja

Language

EN