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The Asian Infrastructure Investment Bank (AIIB) will provide US$4.5 billion to Bangladesh during the next five years, the ministry of finance said Tuesday.
The loan is expected to help finance efforts to face climate change-induced problems, and play a pivotal role in creating a bridge between public-and private-sector investments, said a press release, issued after the eighth annual meeting of the bank in Egypt Monday-Tuesday.
A Bangladesh delegation, led by Economic Relations Division (ERD) Secretary Sharifa Khan, attended the meeting and urged the AIIB board of directors to provide increased financing for construction of the climate-resilient infrastructure.
The main theme of this year's annual meeting was "Sustainable Growth in a Challenging World".
Ms Khan said at the meeting that "developing countries like Bangladesh are under severe threat of facing highest losses from climate change-induced disastrous events".
The AIIB has so far provided loans worth $3.27 billion to Bangladesh against 18 projects after granting the first loan worth $165 million in a project in 2016.
syful-islam@outlook.com