ADB provides further $170 million for BangladeshChristian Fernsby ▼ | February 17, 2020
The Asian Development Bank (ADB) has approved a second tranche loan of $170 million to conclude the Third Capital Market Development Program in Bangladesh.
Business in Bangladesh Bangladesh street
Topics: ADB Bangladesh
“ADB’s long-term engagement through its capital market development programs in Bangladesh have transformed the legal, regulatory, and institutional market frameworks in line with the government’s development priority to mobilize long-term financing to productive investments, such as infrastructure, for its sustained economic growth toward middle-income status,” said ADB Financial Sector Specialist Takuya Hoshino.
“Significant progress has been made to further strengthen an enabling environment for sustainable capital market development under ADB’s program.
“The government is encouraged to continue to resolve pending items under its long term capital market development master plan.” ■