{"id":134285,"date":"2020-07-23T05:06:13","date_gmt":"2020-07-23T00:06:13","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=134285"},"modified":"2020-07-23T05:06:13","modified_gmt":"2020-07-23T00:06:13","slug":"aiib-approves-250m-loan-for-pakistan-to-fight-covid-fallout","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/aiib-approves-250m-loan-for-pakistan-to-fight-covid-fallout\/","title":{"rendered":"AIIB approves $250m loan for Pakistan to fight COVID fallout"},"content":{"rendered":"<p>TLTP<br \/>\nISLAMABAD<br \/>\nThe Asian Infrastructure Investment Bank (AIIB) has approved a loan of $250 million to help Pakistan strengthen its response to the social and economic fallout from the COVID-19 pandemic, according to a statement released by the AIIB on Wednesday.<br \/>\nCo-financed with the World Bank, the loan will help bolster Pakistan\u2019s Resilient Institutions for Sustainable Economy (RISE) program which aims to stimulate investment in human capital, expand social safety nets, improve the country\u2019s emergency health infrastructure and foster economic growth, said the AIIB statement.<br \/>\nThe RISE program is part of a set of measures Pakistan has undertaken toward recovery from the impact of the pandemic.<br \/>\n\u201cThe health crisis is expected to have far ranging and long-term repercussions on growth, which may undermine the hard-fought progress the country has made in restoring macroeconomic stability,\u201d the statement said, adding that employment in the formal and informal sectors has already seen a downturn.<br \/>\nThe latest loan brings the AIIB total support to Pakistan\u2019s COVID-19 response to $750 million, the statement said.<br \/>\nEconomic experts in Pakistan believe that the loan will help the government deal with COVID-19-triggered economic difficulties and protect the most vulnerable segment of the society, including women. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>TLTP ISLAMABAD The Asian Infrastructure Investment Bank (AIIB) has approved a loan of $250 million to help Pakistan strengthen its response to the social and economic fallout from the COVID-19 pandemic, according to a statement released by the AIIB on Wednesday. Co-financed with the World Bank, the loan will help bolster Pakistan\u2019s Resilient Institutions for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-134285","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-national"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AIIB approves $250m loan for Pakistan to fight COVID fallout<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/aiib-approves-250m-loan-for-pakistan-to-fight-covid-fallout\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AIIB approves $250m loan for Pakistan to fight COVID fallout\" \/>\n<meta property=\"og:description\" content=\"TLTP ISLAMABAD The Asian Infrastructure Investment Bank (AIIB) has approved a loan of $250 million to help Pakistan strengthen its response to the social and economic fallout from the COVID-19 pandemic, according to a statement released by the AIIB on Wednesday. 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