According to a Reuters report, Beijing-backed Asian Infrastructure Investment Bank (AIIB) has approved a loan of $750 million to help India battle the impact of the coronavirus pandemic on vulnerable households, the bank said on Wednesday.
About the Project- The project, co-financed by the Asian Development Bank, aims to strengthen economic aid for businesses, expand social safety nets and bolster healthcare.
- In May, AIIB approved a $500 million loan to assist India’s emergency response to the...
https://mfame.guru/china-backs-750-million-loan-project-for-this-countrys-covid19-response/