European Investment Bank to boost funds for Bangladesh as it weathers political turmoil

Published on: Thursday 09 January 2025

A senior official of the European Investment Bank says the regional lending agency is keen to double its funding for Bangladesh, but she expressed concern over human rights as the country endures a spell of political turmoil. In an interview with The Associated Press, the bank’s Vice President Nicola Beer said the lending arm of the European Union will support reforms initiated by the interim government headed by Nobel Peace Prize laureate Muhammad Yunus that has been running the country since former Prime Minister Sheikh Hasina was ousted in mass protests in early August. The 27-nation European Union is the largest destination for Bangladesh’s garment exports, a vital lifeline for millions of the country’s workers that earns the country more than $36 billion a year.

News source: https://finance.yahoo.com/news/european-investment-bank-boost-funds-063121970.html

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European Investment Bank to boost funds for Bangladesh as it weathers political turmoil