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European Investment Bank plans to double funding for Bangladesh amid political crisis

share-iconFriday, January 10 comment-icon1 week ago 7 views
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apnewsAPNEWS
European Investment Bank plans to double funding for Bangladesh amid political crisis

Credited from: APNEWS

  • European Investment Bank plans to double its funding for Bangladesh to 2 billion euros ($2.06 billion).
  • Concerns about human rights and political turmoil were highlighted by bank's Vice President Nicola Beer.
  • The funding supports reforms led by Nobel laureate Muhammad Yunus, amidst criticism of his interim government.
  • The garment industry, a critical sector for Bangladesh, generates over $36 billion annually and employs around 4 million workers.
  • Beer emphasizes the importance of freedom of expression and plans for regional connectivity in infrastructure projects.

For the full article, visit AP News.

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