Coronavirus: China-led AIIB to support vaccine roll-outs in developing nations

Jan 13, 2021 | INVESTING

The Beijing-based Asian Infrastructure Investment Bank on Wednesday announced a funding plan to help developing countries get access to coronavirus vaccines this year.The AIIB, seen as China’s answer to the World Bank and Asian Development Bank, did not give details of the plan but said overall lending for 2021 would remain at a similar level to last year’s.It set up a lending facility in 2020 to help member countries counter the impact of the pandemic that started at US$5 billion and was…

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