The Beijing-based Asian Infrastructure Investment Bank is setting up a department focused on healthcare and education infrastructure after the coronavirus pandemic exposed the region’s weaknesses in the area.
The AIIB had long been considering a healthcare unit but Covid-19 accelerated its plans, said Erik Berglöf the bank’s chief economist, who is working on the new department’s launch.
“Definitely, Covid has shown the importance of the primary healthcare system in offering resilience to pandemics,” Mr Berglöf told the Financial Times. “We saw that in many countries in Asia, the basic healthcare system didn’t hold up very well. That’s clearly something that needs to be addressed.”
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