Energy-efficient Brick Kilns
ADB to give $50m loan
The Asian Development Bank (ADB) will provide $50 million in loan to help improve the environment by financing more energy-efficient brick kilns in Bangladesh.
ADB's Board of Directors approved the “Financing Brick Kiln Efficiency Improvement Project” on May 10. Under the project, the ADB will provide $50 million in local currency to the Bangladesh Bank which will re-lend the funds to participating financial institutions, said a press release.
These financial institutions will then provide loans to brick makers seeking to upgrade their existing kilns to cleaner kinds of kilns or to those looking to build the cleaner kilns for the first time.
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