China-backed AIIB approves $100 mln loan to Bangladesh to fight COVID-19
- Country:
- China
Beijing-backed Asian Infrastructure Investment Bank (AIIB) said on Friday it would lend $100 million to Bangladesh to help the country deal with the COVID-19 pandemic.
The project will be co-financed by the World Bank and aims to increase the country's testing, tracing, and treatment capacity, as well as its pandemic preparedness, according to a statement by the AIIB.
The loan is part of AIIB's $13 billion funding facility to help public and private sectors fight the pandemic. The bank had already loaned Bangladesh $250 million through this facility in May.
ALSO READ
-
Five Nations Build Stronger Early Warnings With WMO Support as 2027 Deadline Nears
-
Bangladesh’s Deadliest Dengue Month Exposes the Cost of Gaps in Prevention and Hospital Capacity
-
Bangladesh Secures $100m ADB Loan to Help 40,000 Families Build Safer Homes
-
ADB Backs Bangladesh’s Power Upgrade With $200M for Growing Dhaka Communities
-
Bangladesh’s Job Market at a Crossroads as Rapid Growth Fails to Deliver Enough Employment
Google News