
ADB Approves $600 Million Loan to Bangladesh for Structural Reforms
Manila [Philippines], January 12: The Asian Development Bank (ADB) has approved a $600 million policy-based loan for Bangladesh to support the country in implementing structural reforms. These reforms aim to improve domestic resource mobilization, enhance public investment efficiency, promote private sector development, reform state-owned enterprises, and strengthen transparency and governance.
“ADB’s policy-based loan promptly responds to Bangladesh’s immediate development financing needs following the political transition,” said Aminur Rahman, ADB Regional Lead Economist. He emphasized that the program was developed in close collaboration with the International Monetary Fund (IMF), World Bank, and other development partners.
Bangladesh faces significant revenue mobilization challenges, compounded by its low tax-to-GDP ratio. The ADB loan aims to introduce key policy actions to address these issues while promoting economic diversification and reducing trade costs.
One major focus of the loan is logistics sector reform, designed to streamline processes, reduce trade costs, and support the country’s ambitions for export diversification.
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