China-backed AIIB to double funds under coronavirus crisis facility to $10b
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[BEIJING] The China-backed Asian Infrastructure Investment Bank said on Friday that it was doubling available funds under its Covid-19 crisis recovery facility to provide up to US$10 billion (S$14.24 billion) in financing to meet high client demand.
Requests for funding have sharply exceeded the US$5 billion originally allocated for emergency relief, the Beijing-backed bank said in a statement.
REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
