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National Investment and Infrastructure Fund
March 31 , 2020
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- The Asian Development Bank announced that it is to invest 100 million USD in National Investment and Infrastructure Fund (NIIF).
- The National Investment and Infrastructure Funds were set up in 2015.
- The main purpose of the fund is to aid Greenfield and brownfield projects in the country.
- The NIIF makes it mandatory that the funds shall be invested in the areas such as transportation, energy, water, housing, waste management.
- There are three major funds under NIIF.
- It includes Master Fund, Fund of Funds and Strategic Investment Fund.
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