Flying High
Aug 27, 2020
3 minutes
By Wen Qing
Copyedited by Rebeca Toledo
After the outbreak of the novel coronavirus disease (COVID-19) pandemic, the Asian Infrastructure Investment Bank (AIIB) launched the COVID-19 Crisis Recovery Facility to support its members and clients to alleviate and mitigate economic, financial and public health fallout.
Over the 18 months from April 2020 to October 2021, the facility is offering up to $13 billion worth of financing to both public and private sector entities for any AIIB member facing, or at risk of facing, serious adverse impacts as a result of COVID-19. To date,
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