D J Pandian has been appointed as vice president and chief investment officer of Beijing based Asian Infrastructure Investment Bank (AIIB). DJ Pandian is retired IAS officer of Gujarat cadre and had served as chief secretary of the state. Pandian also had worked on deputation with the World Bank. He was also the Managing Director of Gujarat State Petroleum Corporation.
About Asian Infrastructure Investment Bank:
- AIIB is a multi lateral lender set up to boost lending for infrastructure projects in the Asia Pacific region.
- It will fund infrastructural projects such as energy, urban construction, transportation & logistics as well as education and healthcare.
- It has authorised capital of US $100 billion and subscribed capital of USD 50 billion $. China, India & Russia are the 3 largest shareholders of AIIB, taking 30.34 percent , 8.52 percent, 6.66 percent stake respectively.
- Their voting shares are 26.06 percent, 7.5 percent and 5.92 percent respectively
Former IAS officer DJ Pandian appointed As AIIB Vice President
No comments:
Post a Comment