China-backed AIIB approves $100 mln loan for Mongolia's virus fight

BEIJING, June 19 (Reuters) - The Beijing-backed Asian Infrastructure Investment Bank (AIIB) has approved a loan of $100 million to help Mongolia battle the coronavirus pandemic, the bank said on Friday.

The project, cofinanced by the Asian Development Bank, will support a government program covering public health funding, protection of vulnerable groups, support for businesses and fiscal stimulus measures, the bank said in a statement.

The loan is part of the AIIB’s $10 billion funding facility to help public and private sectors fight the outbreak.

Interactive graphic tracking global spread of coronavirus: open in an external browser. Reporting by Gabriel Crossley; Editing by Clarence Fernandez