🇮🇳
National
🔴 High
AIIB's USD 10 Billion Relief Facility
📅 Published 26 May 2026 · May
AIIB's USD 10 Billion Relief Facility
🎯 Key Facts:
- Name: Energy, Food Security and Economic Resilience Facility (EFSERF)
- Launched by: Asian Infrastructure Investment Bank (AIIB) — HQ Beijing; established 2015, operational since Jan 2016
- Purpose: Mitigate economic impact of the ongoing Middle East conflict on member countries
- Support: USD 10 billion over 2 years — budgetary assistance, critical imports funding, liquidity support, refinancing aid
✍️ Mains angle: Multilateral financial institutions responding to geopolitical shocks — ties to Food Security + Supply Chain Resilience keywords (energy & food security financing).
📝 Relevant Exams:
UPSC