AIIB urged to expand loans, enhance terms

Sep 27, 2023 12:45 am

THE Asian Infrastructure Investment Bank (AIIB) should offer more financing programs with better terms to help member-countries respond to ongoing economic challenges, Finance Secretary Benjamin Diokno said on Monday.

'We encourage the bank to make available more grant facilities to aid in the implementation of programs/projects and enhance the concessionality of its terms,' Diokno said during the 8th annual meeting of the AIIB's Board of Governors.

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