38 C
Delhi
Tuesday, July 8, 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

Are Minorities in Danger in India?

Let’s not beat around the bush.The claim that “minorities are in danger in India” has been repeated so...

Bridges of Trust and Tango: PM Narendra Modi’s Historic Visit to Argentina

A Dance of Democracy and DignityAs the aircraft carrying Prime Minister Narendra Modi descended upon Ministro Pistarini...

BRICS 2025 in Brazil: A Rising Bloc and India’s Expanding Footprint

An Emerging Continent, A Rising CoalitionAs the turquoise waves kissed the shores of Rio de Janeiro and the...

Musk is “completely off the rails” with his third party idea: Trump

Washington: The differences between Donald Trump and Elon Musk have widened further after the US President called Tesla...