Skip to main content

Posts

Showing posts from April, 2018
Peoples’ Convention on Infrastructure Financing   A Peoples’ response to AIIB Annual Meeting June 21-23, 2018 | Mumbai, India INVITATION The 3 rd  Annual Governors Meeting of  Asian Infrastructure Investment Bank [AIIB] will be held in Mumbai, India from 24-25 June 2018. This two-year-old multilateral bank is investing in all major sectors, including energy,  without robust policies on environmental-social safeguards, transparent public disclosure and an accountability/complaint handling mechanism . Out of the total 24 projects, it has financed, USD 4.4 billion has already been approved.    India is the biggest recipient from AIIB with more than 1.2 billion USD supporting about six projects including Transmission lines, Capital City Development at Amravati, rural roads etc with another 1 billion USD in proposed projects.   These data are but a few from among the many that come out periodically which, we are aware, will straightaway affect our democratic