AIIB approves USD 7.3 million loan to Maldives

4 years ago

Asian Infrastructure Investment Bank (AIIB), on Wednesday, announced the bank’s Board of Directors, has approved a loan of USD 7.3 million to Maldives, to support the country’s health response to the coronavirus pandemic. It marks the first loan to be issued to Maldives by AIIB, a multilateral development bank launched at the initiative of China. According to AIIB, the project is co-financed