Bangladesh to get 350 million euro loan from European Investment Bank

EIB has committed €350 million in framework loans for renewable energy projects in Bangladesh, with the EU adding €45 million in grants. The announcement came during the ADB’s 58th Annual Meeting, where Finance Adviser Salehuddin Ahmed met with EIB President Nadia Calvino. Active in Bangladesh since 2000, the EIB has invested €635 million across six projects. Ahmed emphasized the need for increased investment in human capital and infrastructure as Bangladesh navigates LDC graduation.READ FULL