AIIB clears $750-mn loan to India for COVID-19

Corona virus

Beijing based AIIB has approved a loan of $750-million to India to help strengthen its response to the adverse impacts of the COVID-19 pandemic on poor and vulnerable people of the country. This loan which is also co-financed by Asian Development Bank will be used towards bolstering economic aid for businesses including the informal sector, social safety for needy, and strengthening the healthcare system.

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