AIIB Approves USD250-Million Loan to Assist Pakistan to Mitigate Impact of COVID-19

The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors approved a loan of USD250 million to help Pakistan strengthen its response to the social and economic fallout from the COVID-19 pandemic.

Cofinanced with the World Bank, this development policy financing will help bolster the government’s Resilient Institutions for Sustainable Economy (RISE) Program, which aims to stimulate investment in human capital, expand social safety nets, improve the country’s emergency health infrastructure and foster economic growth. The RISE Program is a part of set of measures Pakistan has undertaken toward recovery from the impact of the pandemic.

Funding agencies: Asian Infrastructure Investment Bank (AIIB)

Countries: Pakistan

Published: 2020-07-28

Sectors: Health