Tuesday
December 8
2020

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)

Categories
Coronavirus, Entrepreneurship
Tags
business development, coronavirus, emerging markets, entrepreneurs, microenterprise