AIIB offers up to US$10 billion to support members hit by Iran war fallout

The Asian Infrastructure Investment Bank (AIIB) has launched a US$10 billion facility to support members dealing with the impact of the US-Israel war on Iran, the group announced on Thursday. The Energy, Food Security and Economic Resilience Facility, sitting alongside the bank’s existing financing tools, offers up to US$10 billion over two years to help members tackle urgent needs around energy security, food security and economic resilience, according to a statement published by the...

By Xiaofei Xu