HUF 64 billion for healthcare developments

Hungary signs a financing agreement with the Asian Infrastructure Investment Bank (AIIB).

MTI has reported that Minister of Finance Mihály Varga posted a Facebook video message on Wednesday that Hungary had concluded an important agreement with the Asian Infrastructure Investment Bank (AIIB), receiving EUR 183 million (HUF 64 billion) to finance the country’s healthcare developments.

The finance minister said the amount will be used for the renovation of 17 hospitals, laboratory improvements, new testing supplies and the purchase of medical equipment, among other things.

The favorable interest rate of the financing is due to the strengthening Hungarian-Asian relations. Hungary is the first country to which the bank has provided financing outside of Asia, Varga said.

László Balogh, Deputy State Secretary for Finance Policy at the Ministry of Finance, said in his own video message that Hungary needs to be prepared for unexpected situations but that investment in healthcare is on solid footing. Hungary joined the Asian Infrastructure Investment Bank, one of the world’s largest and youngest multilateral development banks, back in June 2017, Balogh added.

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