{"id":129517,"date":"2022-10-27T16:16:59","date_gmt":"2022-10-27T23:16:59","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=129517"},"modified":"2022-10-27T16:16:59","modified_gmt":"2022-10-27T23:16:59","slug":"aiib-outlines-usd-100-million-fund-for-sri-lanka","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2022\/10\/27\/aiib-outlines-usd-100-million-fund-for-sri-lanka\/","title":{"rendered":"AIIB outlines USD 100 million fund for Sri Lanka"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy Adaderana<\/em><\/span><\/h2>\n\n\n<p>The Asian Infrastructure Investment Bank (AIIB), in its annual financial report, has outlined a fund of USD 100 million for crisis-hit Sri Lanka.<\/p>\n\n\n\n<p>The bank also pledged support for countries facing serious debt problems.<\/p>\n\n\n\n<p>In addition, the AIIB is expected to announce a major support package for Pakistan at the upcoming COP summit following the country\u2019s devastating floods.<\/p>\n\n\n\n<p>Beijing-headquartered bank\u2019s annual infrastructure finance report, published today (Oct. 27), lays out its stance for a difficult United Nations Climate Change COP 27 summit in Egypt next month.<\/p>\n\n\n\n<p>It called for heavily-polluting state-owned firms to be rapidly turned into green energy leaders\u201d, putting special focus on China, India and Indonesia, noting that a global net-zero transition would not succeed without their cooperation.<\/p>\n\n\n\n<p>The report called for pollution-cutting technologies to be shared globally and for countries to stop subsidising fossil fuels &#8211; something many have done this year as Russia\u2019s invasion of Ukraine sent energy prices soaring &#8211; so that a meaningful carbon price\u201d can emerge and make investing in fossil fuels more costly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy Adaderana The Asian Infrastructure Investment Bank (AIIB), in its annual financial report, has outlined a fund of USD 100 million for crisis-hit Sri Lanka. The bank also pledged support for countries facing serious debt problems. In addition, the AIIB is expected to announce a major support package for Pakistan at the upcoming COP summit [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102],"tags":[],"class_list":["post-129517","post","type-post","status-publish","format-standard","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/129517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=129517"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/129517\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=129517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=129517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=129517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}