21.1 C
Saturday, December 9, 2023

AIIB to lend Bangladesh 4.5 bln USD in 5 yrs


Share post:


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


Please enter your comment!
Please enter your name here

Related articles

BSP Amroha MP Danish Ali suspended for ‘anti-party’ activities

On Saturday, December 9, the Bahujan Samaj Party (BSP) suspended its Lok Sabha MP from Amroha, Danish Ali,...

‘Serious misdemeanours call for severe punishment’, says Ethics Committee report as TMC MP Mahua Moitra stands expelled from LS

On Friday, December 8, TMC MP Mahua Moitra was expelled from the Lok Sabha, in the ‘cash-for-query’ case....

RBI keeps repo rate unchanged at 6.5 pc, raises FY24 GDP growth forecast to 7 pc

Mumbai: As widely expected by markets and policy-watchers, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC)...

Centre should withdraw ban on ethanol production- Raju Shetty

Kolhapur: Swabhimani Shetkari Sanghatana (SSS) National president and former MP Raju Shetty on Friday demanded to withdraw the...