Statement by the Spokesperson of the Chinese Embassy in the Philippines on Supporting AIIB's Approval of USD750-M Loan to the Philippines for COVID-19 Response

2020-06-10 16:10

We noticed that the Asian Infrastructure Investment Bank (AIIB) has recently signed an agreement with the Philippines to extend a loan of 750 million U.S. dollars to support the Philippines to combat the COVID-19 pandemic. China highly commends the contribution made by AIIB to helping the Philippines build economic resilience and ensure quick recovery from this pandemic.

China firmly supports and upholds the multilateral efforts of international organizations to help the Philippines and other economies in need to tackle the challenges posed by COVID-19.