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Why Is the Asian Infrastructure Investment Bank Lending Money to Rwanda?

Exterior of the Asian Infrastructure Investment bank headquarters in Beijing. Image CC BY-SA 4.0

It came as a bit of a surprise to some that the Beijing-based Asian Infrastructure Investment Bank (AIIB) approved its first project in sub-Saharan African country a few weeks ago with a $100 million loan to Rwanda as part of the bank’s COVID-19 Crisis Recovery Facility that it set up last year.

Why is an Asian-focused infrastructure bank lending money to African borrowers? And why Rwanda?

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