The first EIB and EU renewable energy projects ever funded in Bangladesh will support the installation of an estimated 750 MWp of renewable energy capacity in the country. The project comes under a €350 million EIB framework loan for green energy generation, with the support of a €45 million EU grant for concessional lending tools and technical assistance.

For 25 years, the EIB has supported economic development in Asia and the Pacific. The projects we finance make people’s lives easier — from modernizing the rail fleet in Bangladesh, to providing cheaper, cleaner energy to western Nepal. In Asia, we have chosen to focus our lending on climate action across all sectors. We also work to include gender equality in our projects, ensuring that women, men, girls and boys can benefit from them equally and equitably.

The EIB is the largest multilateral public bank in the world. In 2022 it financed around €10.8 billion in investments outside of the European Union via EIB Global, the arm of the Bank created that same year for activities beyond Europe. Since the beginning of its operations in Bangladesh in 2000, the EIB has supported six projects in the country and has invested more than €670 million in water, transport and health projects.

Previous articleSecond Workshop on the development of the IORA Guideline on (IUU) Fishing
Next article27th IORA Anniversary