![AIIB to lend USD 500 mn to India to assist fight COVID-19 pandemic AIIB](https://focusmerit.com/wp-content/uploads/2020/04/AIIB.jpg)
- 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.