Asian Infrastructure Investment Bank Approves $ 500 Million Loan to Support Covid-19 Operations in India


The Asian Infrastructure Investment Bank (AIIB) has approved a $ 500 million loan to support India’s Covid-19 operations, according to a statement released Friday.

Co-financed by the World Bank, the funds were intended to enable the government to step up its containment efforts and strengthen the health system to also manage future epidemics.

“Building a resilient healthcare system capable of effectively treating patients with COVID-19 and preventing its spread is the immediate priority. This funding will address this need and strengthen India’s capacity to effectively manage future disease outbreaks, ”said DJ Pandian, vice president of investment operations at AIIB.

The Indian COVID-19 Emergency Response and Health Systems Preparedness Project had six components. In addition to the mentioned objectives, it will also support research in collaboration with the Indian Council of Medical Research (ICMR) and strategies for community engagement and risk communication.

Thanking the AIIB for its support, Sameer Kumar Khare, Additional Secretary in the Department of Economic Affairs, said:; and managing the implementation, capacity building, monitoring and evaluation of the COVID-19 response program. ”

As of April 17, the AIIB doubled its initial COVID-19 crisis recovery facility to $ 10 billion from $ 5 billion previously, which made funds available to its members for economic, financial and pressure pressures. urgent public health concerns and a rapid resumption of the crisis.

Previously, the AIIB board approved $ 355 million in funding for China for an emergency health project.

Previous Police are working to identify a suspect in an armed robbery at a loan store in Kan.
Next Tamil Nadu government announces Rs 12,110 crore agricultural loan waiver

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *