Indonesia: AIIB approves US$1bn in loans for Covid-19 support

AIIB approves US$1bn in loans for Covid-19 support

The Asian Infrastructure Investment Bank (AIIB) has approved US$1bn in loans for projects to support the Indonesian government’s plans to navigate the challenges faced through the Covid-19 pandemic. The first loan of US$750m and co-financed with the Asian Development Bank (ADB), will be put towards boosting economic aid for businesses, support for poor and vulnerable…

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