AIIB makes first investment in Nepal, commits $90m to hydropower project

AIIB makes first investment in Nepal, commits $90m to hydropower project

Kathmandu, Nepal. Photo by Laurentiu Morariu on Unsplash

Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) has officially entered Nepal by committing to provide a senior loan of up to $90 million in a hydropower project on the country’s Upper Trishuli River.