The Asian Development Bank (ADB) has agreed to provide up to $1 billion in budget support to Bangladesh by June, subject to banking sector reforms, including reducing private bank directors and their tenure. ADB may also offer $300–$500 million for climate change initiatives if Bangladesh meets 16 conditions, such as implementing a national strategy and transport master plan. Other requirements include AI-based early warning systems for farmers and improved waste management. Economic Adviser Salehuddin Ahmed emphasized that Bangladesh will accept only low-interest loans.
The Asian Development Bank (ADB) has agreed to provide up to $1 billion in loans to Bangladesh by June as budget support. However, the government must meet several conditions, including banking sector reforms, particularly reducing the number of private bank directors and their tenure.
The ‘1 Nojor’ media platform is now live in beta, inviting users to explore and provide feedback as we continue to refine the experience.
