India, May 22 -- The Asian Infrastructure Investment Bank (AIIB) has launched a $10 billion support facility aimed at helping member countries deal with the economic impact of the ongoing Middle East conflict. The initiative, called the Energy, Food Security and Economic Resilience Facility, is designed to support countries facing challenges related to energy supplies, food security, and broader economic pressures caused by geopolitical tensions.

The newly announced facility will operate over a two-year period and will provide exceptional financial support to member nations and institutions affected by disruptions linked to the conflict. The assistance may include rapid budgetary support, financing for critical imports and expenditures, ...