Asian Infrastructure Investment Bank provides 661.8 million Euro loan to support Kazakhstan’s Covid-19 response


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Kazakhstan | economy | July 6, 2020 / 11:11 AM Asian Infrastructure Investment Bank provides 661.8 million Euro loan to support Kazakhstan's Covid-19 response Photo: Xinhua AKIPRESS.COM - The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a loan of EUR661.8 million (approximately USD750 million equivalent) to provide budgetary support to the Government of Kazakhstan in mitigating the adverse impacts of COVID-19 on the health, income and economic opportunities of the country’s population. The pandemic is disrupting Kazakhstan’s economic activities. Employment and livelihoods are adversely impacted, particularly among the poor and vulnerable. Women are likely most affected as...