AIIB to lend USD 500 mn to India to assist fight COVID-19 pandemic

  • Asian Infrastructure Investment Bank (AIIB) has declared that it is to finance $500 million in projects in India to assist the country to improve its health care systems. 
  • With this, AIIB has doubled its funds under the COVID-19 Crisis Recovery Facility.
  • Purpose: The move is to assist reduce health care pressures in pandemic preparedness and health infrastructure in India.
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