The China-backed Asian Infrastructure Investment Bank (AIIB) has pledged support for countries now facing serious debt problems, including Sri Lanka.
According to Reuters, AIIB President Jin Liqun announced that the AIIB has outlined a $100 million fund for crisis-hit Sri Lanka.
“In our uncertain era, one of the lingering pandemic disruptions and rising geopolitical tensions, we remain prepared to respond swiftly to help members who may fall prey to the volatile global economic conditions ahead,” Jin said.
He further said that emerging and developing economies deserve more than just access to necessary financial and technical support to address the legacies of environmental injustice and that they also deserve more attention. (NewsWire)