AIIB readies $5bn Covid-19 relief facility

By Morgan Davis
03 Apr 2020

The Asian Infrastructure Investment Bank has proposed creating a $5bn crisis recovery facility in response to the Covid-19 pandemic.

The Beijing-headquartered development bank will offer financing support to both public and private sector organisations that have been damaged by the virus outbreak, according to a press release from AIIB. The financing plan is scheduled to last for 18 months.

The $5bn pledge may grow depending on the client ...

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