Key Takeaways
- The Asian Infrastructure Investment Bank pledged a $4.5 billion loan to Bangladesh for climate projects.
- The funding will be disbursed over the next five years and supports multiple infrastructure initiatives.
- AIIB’s cumulative lending to Bangladesh now totals $3.27 billion across 18 projects.
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
