China-led AIIB approves first emergency loan for COVID–19 relief | The Diplomat

“The Asian Infrastructure Investment Bank (AIIB) announced on Tuesday its first emergency assistance loan related to countering the effects of the novel coronavirus disease (COVID-19) pandemic. The AIIB noted that its first loan would amount to 2.485 billion yuan (approximately $352 million) and would go to a project in China — the bank’s largest shareholder and progenitor. The loan will back projects related to public health infrastructure and supplies in Beijing and Chongqing.”

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