AIIB plans to expand water funding in India amid El Niño threat
The Economic Times reports that only 7% of the $13.8 billion AIIB has allocated to India since 2016 is aimed at water projects.
TLDR
The Economic Times reports that AIIB intends to expand funding for India’s water sector as El Niño threatens a dry spell. The bank is prioritizing water-related projects as extreme weather threatens agricultural growth, the outlet says. Only 7% of its $13.8 billion in total funding allocated to India since 2016 is aimed at water projects.
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