Asian Development Bank Approves $50 Million Loan for Bangladesh
The Asian Development Bank (ADB) has approved a $50 million loan to help restore the economic activities of microenterprises in Bangladesh, which have been severely affected by the COVID-19 pandemic.
The loan will scale up the ongoing Microenterprise Development Project, approved by ADB in 2018 to provide a $50 million credit line to Palli Karma Sahayak Foundation (PKSF), a government development finance and capacity building organisation.
Photo courtesy of Ashwini Chaudhary.
Source: The Independent (link opens in a new window)
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