CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

AIIB plans to scale up water financing in India as El Niño worsens

Business Standard – EV logo

Published on

Add as a preferred source on Google
AIIB plans to scale up water financing in India as El Niño worsens

Home / Economy / News / AIIB plans to scale up water financing in India as El Niño worsens

AIIB plans to scale up water financing in India as El Niño worsens

The lender, which has approved $13.8 billion in financing for India, is looking to fund more water infrastructure and policy reforms as monsoon rainfall deficit widens

Bloomberg 2 min read Last Updated : Sep 26 2026 | 11:11 AM IST

The Asian Infrastructure Investment Bank is pushing to scale up its water financing portfolio in India as worsening El Niño conditions push the country toward its driest monsoon since 2009.

The Beijing-headquartered multilateral lender wants to fund a broader pipeline of critical water infrastructure in the country and offer policy-based loans to support governance changes, Jang Ping Thia, acting chief economist at AIIB, told Bloomberg News.

India — the bank’s largest financing destination — can also come to AIIB for “policy-based lending to reform the water sector,” Thia said in an interview from New Delhi, where the AIIB leadership is attending the India International Water Week.

8 billion in financing for India, with direct loans for water projects accounting for less than 7 per cent. The bank is increasing its focus on the sector at a time when severe weather shocks are threatening growth in South Asia’s biggest economy. The country is facing a 15 per cent monsoon rainfall deficit this season. Maharashtra, its wealthiest state and home to financial capital Mumbai, has flagged drought-like conditions across districts as reservoir levels plunge.


Source link
Related Topics:Web3 & Blockchain

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.