The money, which comprised donations from AIIB staff and matching funds from the bank, was used to purchase medical supplies to help frontline medical staff fighting the epidemic in Wuhan and Beijing, the bank said in a statement on its website.
AIIB has been sourcing medical supplies from around the world, including 51,000 medical masks, 46,000 protective clothing, 17,000 surgery aprons, 21,000 boxes of surgery gloves and other medical and epidemic prevention supplies with a total weight of 40 tonnes, according to the bank.
The first batch of the donations was delivered to Wuhan and Beijing on Monday, with other batches to follow, it said.
"We are ready to offer our help to the best of our ability," AIIB President and Chair of the Board Jin Liqun said.
AIIB also announced on February 10 that it had been in active discussions with the Chinese government to strengthen China's emergency public health infrastructure and help meet the country's immediate and longer-term public health needs.
* Chinese health authority said Tuesday (February 25) it received reports of 508 new confirmed cases of novel coronavirus infection and 71 deaths on Monday from 31 provincial-level regions and the Xinjiang Production and Construction Corps by the end of Monday, bringing overall confirmed cases and total deaths on the mainland to 77,658 and 2,663, respectively.
* Hubei Province, the epicenter of the novel coronavirus outbreak, reported 499 new confirmed cases of novel coronavirus infection and 68 new deaths on Monday, the provincial health commission said Tuesday.
* China's daily new confirmed cases of COVID-19 outside Hubei Province, epicenter of the outbreak, dropped to nine on Monday, according to the National Health Commission.
* China's daily number of newly cured and discharged novel coronavirus patients has surpassed that of new infections for the seventh consecutive day, according to the National Health Commission Tuesday.
Monday saw 2,589 people walk out of hospital after recovery, the National Health Commission said in its daily report. A total of 27,323 patients infected with the novel coronavirus had been discharged from hospital after recovery by the end of Monday, Chinese health authority said Tuesday.
* China's unprecedented public health responses to the COVID-19 outbreak have yielded notable results in blocking human-to-human transmission of the virus, preventing or at least delaying hundreds of thousands of cases, said a joint expert team consisting of experts from China and the World Health Organization.
The assessment was given at a press conference on Monday in Beijing after the 25-member team conducted a nine-day field study trip in China.
* Beijing authorities have advised the public to avoid crowds in the city's parks as the fight against the coronavirus continues. Since the virus outbreak, 10 city parks in Beijing remained open to the public, but visitor numbers have been low. Authorities have also canceled a variety of activities in the parks, and some indoor venues and narrow areas are closed to prevent crowds.