• Thu, December 12, 2024

ADB gives $100 million loan for Bangladesh infrastructure finance fund

The interim government has signed a $100 million loan agreement with the Asian Development Bank (ADB) to strengthen the Bangladesh Infrastructure Finance Fund Limited Project.
The Asian Development Bank (ADB) has approved a $100 million loan to the Bangladesh Infrastructure Finance Fund Limited (BIFFL) to enhance infrastructure development in Bangladesh. This funding aims to support BIFFL in providing long-term financing for infrastructure projects, particularly focusing on renewable energy, energy efficiency, and transport sectors. The loan is part of ADB's commitment to fostering sustainable economic growth and improving the quality of life in Bangladesh by addressing infrastructure gaps. Additionally, the initiative is expected to help BIFFL expand its green finance portfolio, thereby contributing to the country's climate change mitigation efforts.

Read the Full The Daily Star Article at:
https://www.thedailystar.net/business/news/adb-gives-100-million-loan-bangladesh-infrastructure-finance-fund-3774476

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