EIB provides €250mn to Bangladesh

The European Investment Bank (EIB), the bank of the European Union and the largest multilateral lender in the world, will provide €250 million to Bangladesh to support the procurement of safe and effective vaccines and country-wide immunisation against Covid-19.

Vaccination efforts will also include Rohingya refugees from Myanmar currently hosted in Bangladesh.

The financing will help Bangladesh mitigate the health effects of the coronavirus pandemic and enable the country to strengthen its healthcare system and protect its people from Covid-19 with effective vaccines, said the European Embassy in Dhaka on Thursday.

These are all key preconditions for continued sustainable economic and social growth. This is the first operation allocated under the €425 million South Asia Public Healthcare Covid-19 programme approved by the EIB in 2021.

This programme aims to provide long-term support for Covid-19 vaccination, pandemic preparedness and health system resilience in Bangladesh.