ADB to double its loan size for Bangladesh

KMA Hasnath, from Yokohama, Japan: Asian Development Bank (ADB) is going to double its loan size for Bangladesh then previous year.

Hun Kim hereon, Director General of ADB South Asia Department made the disclosure while responding to a volley of questions from a group of journalists on Sunday of the 50th Annual Meeting of the Board of Governors of ADB held at the Pacifico Yokohama Conference Center in Japan.

''Bangladesh is really an 'emerging economy' if you see at its Forex reserves this year. We're negotiating with the government for providing loans ranging from $1.8-$2 billion which is almost twice than the last year,” he said.

"As far as we're concerned, Bangladesh is doing right in terms of economic policy and implementation because we're focusing more on manufacturing and export orientation," Hun added.


risingbd/Japan/May 7, 2017/Hasnath/Nasim