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BEIJING, 31 Aug (Reuters) – Beijing-backed Asian Infrastructure Investment Bank (AIIB) said Monday that it would lend 70 million euros ($83.37 million) to Turkey to address the COVID-19 pandemic.
The allocation will be co-financed through the European Bank for Reconstruction and Development and aims to develop the infrastructure capacity of public hospitals, according to an AIIB report.
The loan is a component of AIIB’s $13 billion financing service to help the public and personal sectors fight the pandemic. In the past, the bank has approved loans totaling $500 million to two progressive banks in Turkey through ease. (Interactive graph that tracks the global spread of the coronavirus: open https://tmsnrt.rs/3aIRuz7 in an external browser). ($1 – 0.8396 euros) (Report through Gabriel Crossley; edited through Kim Coghill)