For vaccine development ADB offers $338m loans

The Asian Development Bank (ADB) has offered $338 million in loans to Bangladesh for the development of vaccines.

ADB Country Director Edimon Ginting shared the information in a meeting with Planning Minister MA Mannan at the latter's office in Dhaka today, according to the ministry.

Half of the amount of the loan will be considered as a soft loan, while the interest of the rest will be slightly lower than the market rate, the ministry officials said after the meeting.