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The Nikkei View

So far, so good for the AIIB

The China-led infrastructure bank is carving out a growing global presence

Indian Prime Minister Narendra Modi speaks at the annual meeting of the Asian Infrastructure Investment Bank on June 26. The AIIB has provided more funds to India than any other country.   © Kyodo

The Asian Infrastructure Investment Bank set a lending and investment target of $3.5 billion for 2018, 40% more than last year, at its third annual general meeting in Mumbai on June 25 and 26.

The China-led AIIB still operates on a smaller scale than the Asian Development Bank, but it is steadily increasing its presence as a multilateral institution focused on infrastructure development financing.

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