40.1 C
Delhi
Saturday, April 26, 2025

AIIB to lend Bangladesh 4.5 bln USD in 5 yrs

Date:

Share post:

Donate-GC-Razorpay

Dhaka: The Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) will provide 4.5 billion U.S. dollars in loan to Bangladesh mainly on climate-related projects in the next five years.

The assurance came at the eighth annual meeting of the AIIB that took place on Sept. 25 and 26 at Sharm El-Sheikh in Egypt, Bangladesh’s Ministry of Finance said in a press release on Tuesday.

The loan will also help finance various infrastructure projects in the country, said the ministry.

The AIIB has so far provided a total of 3.27 billion dollars in loans for 18 projects in the South Asian country

Related articles

Red-hot MI ready to roar past LSG at Wankhede

Mumbai: As the Indian Premier League (IPL) 2025 heats up, Mumbai Indians (MI) enter the 45th match against...

Houses of 3 militants demolished “using explosives” in south Kashmir

Srinagar: The homes of the three more militants were “demolished using explosives” in south Kashmir, officials said on...

India, Pakistan will figure out Kashmir fight one way or the other: US President Trump

Washington/New Delhi: US President Donald Trump has said that India and Pakistan have been in a fight over...

Kanchi Kamakoti Peetam to induct 71st Acharya on Akshaya Trithiya day

Kanchipuram: The reverred Kanchi Kamakoti Peetam is all set to witness a historic spiritual moment with the induction of...