The Asian Infrastructure Investment Bank (AIIB) has launched a $10 billion fund facility to support member countries affected by the economic fallout of the ongoing Middle East conflict, PTI reported. India is the second-largest shareholder in the China-led multilateral lender after China.

The new facility will help nations deal with urgent energy, food and economic resilience needs, according to the bank.

The Asian Infrastructure Investment Bank (AIIB) has launched a $10 billion fund facility to support member countries affected by the economic fallout of the ongoing Middle East…