2 years ago

ADB to provide $500m loan to Bangladesh as budget support

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The Asian Development Bank (ADB) would provide $500 million to Bangladesh as budget support on soft conditions.

ADB Country Director to Bangladesh Edimon Ginting said this to reporters after meeting Planning Minister MA Mannan at his office on Thursday.

He also informed that other lenders would come forward as co-financiers, reports BSS.

Earlier, the Manila-based lending agency pledged to provide $9.05 billion to Bangladesh over the next three years.

They would provide such support to Bangladesh for ensuring the necessary preparations to make a successful graduation from the LDCs in 2026.

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