16.1 C
Delhi
Saturday, December 21, 2024

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

Seized drugs worth Rs one cr destroyed in Kashmir

Srinagar: Jammu and Kashmir police have destroyed seized drugs worth Rs one cr in Sopore sub district, officials...

Two killed, many injured in Magdeburg Christmas market attack

Berlin: A terrorist attack in the German city of Magdeburg left two people killed and many more injured,...

FC Goa defeat Mohun Bagan Super Giant 2-1 in ISL

Margao: FC Goa extended their unbeaten streak to seven games with a 2-1 win over league leaders Mohun...

SC Bengaluru & Namdhari end year with a goalless draw in I-League

Bengaluru: SC Bengaluru and Namdhari FC played out a goalless draw at the Bangalore Football Stadium in Round...