 "coronavirus")
China-backed Asian Infrastructure Investment Bank (AIIB) on Wednesday said it will extend a $750-million loan to India. This will go towards bolstering economic aid for businesses, including for the informal sector, expanding social safety nets for the needy, and strengthening the country’s health care systems.
AIIB’s sovereign loans to India amount to $3.06 billion, including a recent $500 million Covid-19 emergency response. This will be the second loan for India under AIIB’s Covid-19 Crisis Recovery Facility (CRF), which was created as part of the coordinated international response to counter the pandemic.
The Beijing-based multilateral funding agency is co-financing
AIIB’s sovereign loans to India amount to $3.06 billion, including a recent $500 million Covid-19 emergency response. This will be the second loan for India under AIIB’s Covid-19 Crisis Recovery Facility (CRF), which was created as part of the coordinated international response to counter the pandemic.
The Beijing-based multilateral funding agency is co-financing
