GoI signed MoU with AIIB for USD 500 million COVID-19 support

The Government of India and the Asian Infrastructure Investment Bank (AIIB) signed a US$ 500 million “COVID-19 Emergency Response and Health Systems Preparedness Project” to help India to respond to the COVID-19 pandemic and strengthen its public health preparedness.

This is the first ever health sector support from the Bank to India.

The agreement will cover all States and Union Territories (UT) of India and address the needs of infected people, at-risk populations, medical and emergency personnel and service providers, medical and testing facilities, and national and animal health agencies.

It will also provide help to GoI in its efforts to respond to the threat posed by COVID-19 and strengthen the national health systems for preparedness in India.

The primary beneficiaries of the project are the COVID-19 infected people, at-risk populations, medical and emergency personnel, service providers at medical and testing facilities, and public and animal health agencies engaged in India’s COVID-19 response.