Abul Hassan Mahmood Ali, the Finance Minister, has reportedly approached the Asian Development Bank to request policy-based lending support in order to implement trade policy, logistics, climate, and LDC graduation reforms.
According to a press release from the finance ministry, he also asked the Manila-based international lender to expand concessional climate loans and ease cross-border energy commerce during a meeting with ADB President Masatsugu Asakawa.
The ADB has been encouraged by Bangladesh’s finance minister to support the country’s efforts to grow some of its key economic sectors, restore its rivers, and reform the tax system.
The ADB president promised to continue providing the lender with both sovereign and non-sovereign resources to support Bangladesh’s priority sectors, while also commending the government of Bangladesh for its robust climate and development agenda. This was in response to the finance minister’s request.
A group of seven representatives from Bangladesh is now being led by the finance minister to the 57th annual meeting of the Asian Development Bank (ADB) in Tbilisi, Georgia.
