China-backed AIIB approves $500 mln loan for Pakistan’s COVID-19 response

The Beijing-backed Asian Infrastructure Investment Bank (AIIB) has approved a loan of $500 million to help Pakistan battle the coronavirus pandemic, the bank said on Thursday. The project, co-financed by the Asian Development Bank, aims to strengthen protection for vulnerable groups, bolster the health care system, and help small businesses amid the economic downturn, the […]