AIIB EFSERF: USD 10 Billion Facility for Middle East Fallout
Why in the news
The Asian Infrastructure Investment Bank set up a large relief window for members affected by the Middle East conflict. It is aimed at shielding energy, food and economic stability.
Key facts
- Institution: Asian Infrastructure Investment Bank (AIIB).
- Facility: EFSERF, expanded as Energy, Food Security and Economic Resilience Facility.
- Size and period: USD 10 billion over two years.
- Trigger: disruptions linked to the ongoing Middle East conflict.
- Support forms: budgetary support, refinancing, liquidity help and finance for essential imports.
| Aspect | Detail |
|---|---|
| Lender | AIIB |
| Facility | EFSERF |
| Funding | USD 10 billion |
| Duration | Two years |
| Forms of aid | Budget support, refinancing, liquidity, essential imports |
Exam angle
- Likely question: abbreviation, size and duration of the facility.
- Number tags: USD 10 billion; two years.
- Institution tag: AIIB, a multilateral development bank for Asia.