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Investors - FEBRUARY 11, 2020

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As coronavirus spreads, AIIB backs emergency health infrastructure in China

by Kali Persall

Beijing-based Asian Infrastructure Investment Bank (AIIB) has promised to back emergency public health infrastructure China in light of a new virus that is sweeping through the country.

Chinese health officials have reported tens of thousands of infections with novel coronavirus (2019-nCoV), which first presented in Wuhan City, Hubei Province, China, according to the U.S. Centers for Disease Control and Prevention (CDC).

“People from over 50 nations work at AIIB, and we have all made China our home. With the full impacts of this epidemic still unknown, we want to do our part as residents of China to help stop its spread,” said AIIB president Jin Liqun. “In line with AIIB’s mission, we will also work with the government of China to identify effective public health infrastructure investments that will prevent the rapid spread of future outbreaks.”

Jin called on other multilateral development banks, private partners and other funders to join the bank’s

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