HONG KONG -- The China-led Asian Infrastructure Investment Bank (AIIB) is planning an emergency relief fund for member countries affected by natural disasters and climate change, as its COVID-19 recovery facility winds up this year.
Finance
China-based AIIB aims to launch emergency relief fund
Multilateral bank's crisis reserve comes as it wraps up COVID-19 recovery facility
The Beijing-based Asian Infrastructure Investment Bank (AIIB) started operations in 2016 with a focus on funding sustainable, green infrastructure in developing countries. © Reuters
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