GIFT a SubscriptionGift
HamberMenu
  1. Cricket
  2. Data
  3. Health
  4. Opinion
  5. SEARCH Icon
  1. Cricket
  2. Data
  3. Health
  4. Opinion
  5. SEARCH Icon

To enjoy additional benefits

GIFT a SubscriptionGift
ShowcaseCrossword+

CONNECT WITH US

year
Click here for our in-depth coverage of Lok Sabha and Assembly elections #ElectionsWithTheHindu

AIIB approves $250 million loan to Pakistan to fight COVID-19 impact

The Beijing-back bank’s loan will bolster the country’s programme to strengthen health infrastructure

July 22, 2020 08:53 am | Updated 08:53 am IST - BEIJING

Reuters
BEIJING, CHINA - JANUARY 16: (CHINA OUT) People walk out of the Asian Infrastructure Investment Bank (AIIB) as the opening ceremony of the AIIB holds at Beijing Diaoyutai State Guest House on January 16, 2016 in Beijing, China. AIIB will be an inter-governmental regional development institution in Asia. As agreed, Beijing will be the host city for AIIB's headquarters. (Photo by ChinaFotoPress/ChinaFotoPress via Getty Images)

BEIJING, CHINA - JANUARY 16: (CHINA OUT) People walk out of the Asian Infrastructure Investment Bank (AIIB) as the opening ceremony of the AIIB holds at Beijing Diaoyutai State Guest House on January 16, 2016 in Beijing, China. AIIB will be an inter-governmental regional development institution in Asia. As agreed, Beijing will be the host city for AIIB's headquarters. (Photo by ChinaFotoPress/ChinaFotoPress via Getty Images)

The Beijing-backed Asian Infrastructure Investment Bank (AIIB) said on Wednesday it would lend $250 million to Pakistan to help the country deal with the effects of the COVID-19 pandemic.

The project will be co-financed by the World Bank and will bolster a Pakistan government programme to strengthen health infrastructure, social safety nets, investment in human capital and economic growth, the AIIB said in a statement.

The AIIB has previously approved a loan of $500 million for Pakistan's response to COVID-19 . Both loans are part of the AIIB's $10 billion funding facility to help public and private sectors fight the outbreak.

Related Topics

Pakistan / Coronavirus

Top News Today

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.