Aiib’s New Vice-President: Dj Pandian [ Current News (Concise) ]
D J Pandian a former IAS office has been appointed as vice-president and chief investment officer (CIO) of Beijing-based Asian Infrastructure Investment Bank (AIIB). He is retired IAS officer of Gujarat cadre and also had served as chief secretary of the state.
- With the World Bank he also had worked on commission.
- He also had served as the MD of Gujarat State Petroleum Corporation (GSPC).
About Asian Infrastructure Investment Bank (AIIB)
Basically AIIB is a multi-lateral lender set up which work to increase lending for infrastructure projects in the Asia-Pacific Counties.
It will reserve infrastructural projects such as:
- Urban construction,
- Education and
It has official capital of US 100 billion dollars and subscribed capital of USD 50 billion dollars. China, India and Russia are the three largest shareholders of AIIB.
And they have holds stakes as below:
- China: 30.34%,
- India: 8.52 % and
- Russia: 6.66 % stake.
And their voting shares are 26.06%, 7.5 % and 5.92 % respectively.
- Published on: February 4, 2016