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Dhaka to receive $600 mn loan from ADB, $500 mn from World Bank by Dec
Nov 20, 2024
Insights
- The World Bank and the Asian Development Bank (ADB) will offer Bangladesh $500 million and $600 million in loan assistance respectively by December, according to the country’s finance secretary Mohammad Khairuzzaman Mozumder.
- These loans were initially set at $250 million and $300 million respectively, but were later doubled due to favourable negotiations, he said.