China-backed AIIB Approves $500 Million Loan for Pakistan’s Covid-19 Response
Symbol for illustration.
The mortgage is a part of a $10 billion investment facility the AIIB has introduced to assist private and non-private sectors battle the outbreak.
- Reuters Beijing
- Remaining Up to date: June 18, 2020, 10:06 AM IST
The Beijing-backed Asian Infrastructure Funding Financial institution (AIIB) has licensed a mortgage of $500 million to assist Pakistan struggle the coronavirus pandemic, the financial institution mentioned on Thursday.
The venture, co-financed through the Asian Construction Financial institution, goals to enhance coverage for prone teams, bolster the well being care gadget, and assist small companies amid the industrial downturn, the financial institution mentioned in a remark.
The mortgage is a part of a $10 billion investment facility the AIIB has introduced to assist private and non-private sectors battle the outbreak.
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