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AIIB to provide $100m for fighting Covid-19
Staff Correspondent
25th February, 2021 10:55:20
Asian Infrastructure Investment Bank (AIIB) will provide US$100 million credit to Bangladesh help bear expenditure of various schemes being carried out by the government as emergency Covid-19 response.
The financing will be utilized in the project called ‘COVID-19 Emergency Response and Pandemic Preparedness Project’ being implemented with funds from the World Bank and AIIB.
A loan agreement was signed between Bangladesh government and AIIB on Friday last, said a release of Economic Relations Division (ERD) on Thursday.
ERD Joint Secretary Md Shahriar Kader Siddiky and Acting Director General of 1nvestment Operations, AIIB, Rajat Misra signed the loan agreement on behalf of their respective sides.