The Beijing-based Asian Infrastructure Investment Bank said it has approved a loan of $500m to support India’s efforts to “prevent, detect and respond to the threat” posed by the Covid-19 pandemic.
AIIB said the financing would enable India to “scale up efforts to limit the transmission of cases, strengthen the health system to expand its response capacity and enhance preparedness to manage future outbreaks”.
The project also supports the purchase of medical equipment, enhanced disease detection capabilities and strengthened research, the bank said in a statement.
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