ADB to offer $500 mn soft loan to Bangladesh as budget support

The budget support will also support the government’s agenda to accelerate implementation of policies on climate change, he was quoted as saying by Bangla media reports.

Mannan said the loan will help rehabilitate the flood-affected population.

ADB had earlier pledged to offer $9.05 billion to Bangladesh over the next three years. This support would be aimed at ensuring necessary preparation to make a successful graduation from the least developed country (LDC) status in 2026.

Fibre2Fashion News Desk (DS)