DHAKA, Sept. 27 (Xinhua) — 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.