Asian Development Bank Approves $400 Million Loan to Support Bangladesh’s Economic Recovery
The Asian Development Bank (ADB) today approved a $400 million loan to Bangladesh to advance reforms in domestic resource mobilization, improve efficiency and productivity of public spending, and help small businesses, especially women-led businesses to access low-cost innovative bank financing.
This loan is ADB’s second subprogram of the Sustainable Economic Recovery Program that was launched in October 2021 to support economic recovery after the COVID-19 pandemic.
Photo courtesy of Md. Al Amin.