AIIB and EIB up 2020 funding authorisations

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By Burhan Khadbai
24 Sep 2020

The Asian Infrastructure Investment Bank and European Investment Bank have increased their 2020 borrowing authorisations. The former has upped their potential borrowing by half in response to the rapid take-up of its Covid-19 Crisis Recovery Facility.

AIIB is now seeking to raise up to $9bn, from its previous target of $6bn.

“We recently went back to our board to increase our global borrowing authority, which is the amount delegated to issue in the capital markets,” said Domenico Nardelli, AIIB’s treasurer. “This was due in part ...

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