DHAKA, June 24 (Xinhua) -- Asian Infrastructure Investment Bank or AIIB has approved 165 million U.S. dollars in loans for a Bangladesh project - the first batch of loan for the country from the China-led development bank.
The banks Board of Directors Friday approved its first 4 loans totaling 509 million U.S.dollars to finance 4 projects including that one of Bangladesh.
Three of the 4 projects are co-financing operations with multilateral development bank (MDB) partners, said the global lender in a website post on Friday.
The three other approved loans are a 216.5 million U.S. dollars loan for Indonesia, a 100 million U.S. dollars loan for Pakistan and a 27.5 million loan for Tajikistan.
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