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AIIB Assures 8.5 Thousand Crore Taka in Budget Support

Rtv News

  01 Oct 2024, 19:05
Photo: Collected

The AIIB (Asian Infrastructure Investment Bank) has assured Bangladesh of budgetary support amounting to 700 million USD, which is equivalent to approximately 8,403.50 crore Bangladeshi Taka (calculated at a rate of 120.05 BDT per USD).

This information was revealed on Tuesday (October 1) through sources from the Economic Relations Division (ERD). According to ERD officials, the AIIB will provide 700 million USD as budgetary support. Of this, 300 million USD (3,601.50 crore BDT) will be allocated for addressing climate change, while 400 million USD (4,802 crore BDT) will be designated for urgent economic recovery.

Key Highlights:

  • Total Budget Support: 700 million USD (~8,403.50 crore BDT)
  • Climate Change Allocation: 300 million USD (~3,601.50 crore BDT)
  • Economic Recovery Allocation: 400 million USD (~4,802 crore BDT)

ERD Secretary Md. Sharifa Kader Siddiqui stated that they welcome the AIIB's continued support for Bangladesh's development. The AIIB has also assured that it will maintain its cooperation for the country's development.

Earlier, on September 25, ERD Secretary Md. Sharifa Kader Siddiqui met with the AIIB President during the bank's annual meeting in Samarkand, Uzbekistan. ERD officials mentioned that the assurance was received during that meeting.

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