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Diokno to MDBs: Scale up response to global challenges

Diokno to MDBs: Scale up response to global challenges
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Benjamin Diokno , Finance Secretary Benjamin Diokno , Annual Meeting , Asian Infrastructure Investment Bank , Crisis Recovery Facility ,

AIIB to continue vaccine funding for developing nations in 2022

By Aaron Saldanha (Reuters) - China-backed Asian Infrastructure Investment Bank (AIIB) will continue to finance developing countries acquire COVID-19 vaccines, a senior executive said on Thursday. Last year, AIIB had set up a funding facility to help public and private sectors fight the pandemic. The investment bank has approved 42 projects amounting to over $10.3 billion, as of Nov. 5. Its Crisis Recovery Facility has up to $13 billion allocated to support AIIB members and clients in withstanding economic and health impacts of the health crisis. Speaking on the sidelines of COP26 in Glasgow, Danny Alexander, vice president for policy and strategy at AIIB, told Reuters that vaccine financing has a massive development impact. Until you can get the pandemic under control, all these other things (environmental funding) we re talking about can t happen, Alexander said. Last month, the bank said https://www.reuters.com/business/cop/aiib-fully-align-with-paris-agreement-climate-goals-by-mid- ....

France General , Danny Alexander , Aaron Saldanha , Arun Koyyur , Asian Infrastructure Investment Bank , Crisis Recovery Facility , Paris Agreement , Alternative Energy , Financial And Business Service , Macro Economics , Global Warming , International Organisation ,