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

Published: June 18, 2020

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.

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