(Fighting against New Coronary Pneumonia) The AIIB will provide China with a loan of approximately $ 355 million to respond to the outbreak
China News Agency, Beijing, April 7 (Reporter Li Xiaoyu) The Asian Infrastructure Investment Bank said on the 7th that it will provide China with a sovereign guarantee loan of about 355 million US dollars in response to the new coronary pneumonia epidemic.
The Board of Directors of the Asian Investment Bank approved an emergency loan project to China to support China in strengthening sustainable public health infrastructure and purchasing emergency medical equipment and materials.
This is the first emergency assistance loan of the Asian Investment Bank. According to the Asian Investment Bank, cities such as Beijing and Chongqing have a large number of floating populations, and the prevention and control work faces severe challenges and huge capital needs. The loan project will help improve the sustainable construction of public health infrastructure and systems in these two cities, as well as the ability to respond to outbreaks.
The implementation of the project includes supporting the upgrade of the disease control center, enhancing the emergency epidemic prevention and treatment capacity of medical institutions, and purchasing emergency equipment and materials for frontline medical staff for epidemic prevention and control.
Konstantin Limitovskiy, deputy governor of the AIIB, said the AIIB supports members in building a strong and resilient public health infrastructure system. This emergency loan is fully reflected when members face an emergency crisis, the Asian Investment Bank will quickly respond to members' needs and help members respond effectively.
Earlier, the Asian Investment Bank had announced that it would launch a crisis recovery fund with an initial amount of $ 5 billion to provide rapid financing for public and private sector institutions that were severely impacted by the new coronary pneumonia epidemic. (Finish)