Beijing, China, April 20, 2020
AIIB Approves USD170-M Loan to Improve Bangladesh Sanitation Infrastructure
Total Investment in country now stands at over USD1 Billion
About 1.5 million residents in Bangladesh’s capital Dhaka will benefit from improved sanitation services following the approval by the Board of Directors of the Asian Infrastructure Investment Bank (AIIB) of a USD170-million loan.
The Dhaka Sanitation Improvement project, cofinanced with the World Bank, will support government investments in sanitation infrastructure comprising sewerage systems, sewage treatment, and pilot measures for hard-to-reach areas in the Pagla catchment, one of the most densely populated areas of the city.
Children below the age of five and vulnerable households bear the highest burden of poor sanitation through morbidity and the loss of productivity due to water-borne illnesses.
“AIIB is committed to ensuring that its projects improve quality of life for the most vulnerable communities. This project is expected to directly contribute to the achievement of Sustainable Development Goal (SDG) 6, which is to ensure access to water and sanitation for all,” said AIIB Vice President, Investment Operations, D.J. Pandian. “The experience of implementing this project will strengthen AIIB’s capacity to finance broad-based water supply and sanitation projects, which are in high demand in other areas of the region.”
The project funds will be used to reconstruct two trunk mains, build a new secondary and tertiary network and a wastewater treatment plant. Other key components of the investment include strengthening the capacity of the Dhaka Water Supply and Sewerage Authority and testing the feasibility of locally adapted collection and sewage treatment solutions.
The project is AIIB’s eighth investment in the country, all of which are aligned with the country’s top priority development plans and the SDGs. The approved project brings the Bank’s total commitment in Bangladesh to USD1.068 billion.
Additional information about the Bangladesh Dhaka Sanitation Improvement project can be found here.
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, we began operations in January 2016 and have now grown to 102 approved members worldwide. By investing in sustainable infrastructure and other productive sectors in Asia and beyond, we will better connect people, services and markets that over time will impact the lives of billions and build a better future.
Beijing, China, August 14, 2020
AIIB Approves USD50-Million Loan to Fiji for COVID-19 Response
To help the Republic of Fiji cope with the impact of the COVID-19 pandemic, the Asian Infrastructure Investment Bank (AIIB) has approved a USD50-million loan to support the government’s efforts to provide assistance to the formal sector, including small and medium enterprises and their employees, and members of the informal sector, including women microenterpreneurs, such as hawkersREAD MORE
Beijing, China, July 28, 2020
AIIB to Hold its First Annual Meeting in the Middle East in the UAE
The Board of Governors of the Asian Infrastructure Investment Bank (AIIB) announced that its sixth Annual Meeting will be held in Dubai, United Arab Emirates (UAE) on Oct. 27-28, 2021.READ MORE