AIIB approves $500 million for Pakistan’s COVID-19 efforts

AIIB approves $500 million for Pakistan’s COVID-19 efforts

The China-backed Asian Infrastructure Investment Bank (AIIB) has approved a loan of $500 million to assist Pakistan’s efforts in addressing the on-going coronavirus pandemic. The project is co-financed by Asian Development Bank (ADB). It aims to strengthen the vulnerable groups, boost healthcare system and help small businesses amid the economic crisis caused by the pandemic.

Originally written on June 18, 2020 and last modified on November 21, 2020.
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