AIIB doubles COVID-19 crisis response to 10 bln USD

The Asian Infrastructure Investment Bank (AIIB) is doubling available funds under its COVID-19 crisis recovery response to 10 billion U.S. dollars due to high demand.

The decision came after funding requests substantially exceeded the five billion dollars originally allocated for emergency relief. Clients are requiring immediate assistance in health infrastructure and pandemic preparedness, for example, to alleviate the pressure on health care.