AIIB approves $320m for Sri Lanka and Laos loans
The Asian Infrastructure Investment Bank (AIIB) has given the green light for loans in Sri Lanka, totalling $280 million, and Laos, which will receive $40 million.
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Meanwhile the $40 million loan for Laos will go towards improving an important section of National Road 13, which will directly benefit approximately 502,100 people living in 471 villages and 11 districts in Vientiane Capital and Vientiane Province, according to the World Bank.
Romil Patel
