China-led AIIB to spend $3.5bn with focus on India

Bank says it is 'apolitical' and wants to connect Asia and Africa

20180625 India AIIB

Laborers constructing a flyover in New Delhi, India in February. 

ROSEMARY MARANDI, Nikkei staff writer

MUMBAI -- China-led Asian Infrastructure Investment Bank said Monday it will invest or lend $3.5 billion this year to India, Bangladesh, Turkey and Egypt for projects aimed at strategically connecting Asia and Africa.

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