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China-led AIIB sanctions $500 million for India to fight COVID-19 pandemic

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The fund will cover all states and union territories across India and address the needs of infected people, at-risk populations, medical and emergency personnel and service providers The central government and the China-led Asian Infrastructure Investment Bank (AIIB) on Friday signed a $500 million “COVID-19 Emergency Response and Health Systems Preparedness Project" to help India to respond to the coronavirus pandemic.

This is the first ever health sector support from the Bank to India. “This new support will cover all states and union territories across India and address the needs of infected people, at-risk populations, medical and emergency personnel and service providers, medical and testing facilities, and national and animal health

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