AIIB Approves Emergency Loan to Support China´s Public Health Infrastructure
(WorldNews Politics)

In response to China`s emergency financing needs for public health infrastructure to manage the spread of COVID-19, the Asian Infrastructure Investment Bank`s (AIIB) Board of Directors has approved a sovereign-backed loan of RMB2,485 million (approximately USD355 million equivalent) as an adaptive way of upgrading the country`s sustainable public health infrastructure and providing emergency equipment and supplies. The project, to be supported by...