China-backed AIIB approves 70 million euro loan to Turkey to fight COVID-19

  • 📰 Reuters
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Beijing-backed Asian Infrastructure Investment Bank (AIIB) said on Monday it would lend 70 million euros ($83.37 million) to Turkey to help the country deal with the COVID-19 pandemic.

The project will be co-financed by the European Bank for Reconstruction and Development, and aims to increase public hospital infrastructure capacity, according to a statement by the AIIB.

The loan is part of AIIB’s $13 billion funding facility to help public and private sectors fight the pandemic. The bank has previously approved loans totalling $500 million to two development banks in Turkey through the facility.Reporting by Gabriel Crossley; Editing by Kim Coghill

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Turkey needs to be thrown out of NATO and treated like the pariah state that president Erdogan is turning it into.

There have been casualties in the India-China conflict, but they are nothing compared to the casualties in the Anti-Japanese War,But I found that Indians hate Chinese tens of thousands of times more than Chinese hate Japanese militarists.why?

China and India have been brothers and neighbors since ancient times, but ever since the border conflicts of the 1960s, Indians hate The Chinese as much as The Chinese hate the Japanese militarists,

And there is no evidence that coronavirus is from China, just only found in China, and then that's China virus ,and then someppl especially the Indian wound say China should take responsibility,

Why every thing mentioned China, everything become political, and then the ppl from China are ugly ,the thing from China are bad ,the words about bad ppl and things from anywhere maybe wrong, US ppl are great ,Chinese are bad ,

Nuclear war

USA gave the world HIV H1N1. did they give turkey anything?

All part of China's strategic global goal of world domination

First they gave the pain & now giving money to fight the pain!

Euro

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines