BB receives $2.5bn loan proposal from WB, ADB

Bangladesh Bank (BB) has received a total of $ 2.5billion loan proposal from the World Bank (WB) and the Asian Development Bank (ADB) in several packages, including structural reform, policy implementation, and investment loan.

The proposal was given on Sunday in a meeting of the central bank Governor Ahsan H Mansur and other senior officials with delegations of the WB and the ADB at BB headquarters in the city, confirmed BB Spokesperson and Executive Direction Husne Ara Shikha, reports BSS.

"A $1 billion loan proposal was received from the World Bank. They proposed a $750 million policy-based loan for which the central bank needs to do some policy implementation. Also, $250 million in investment loans are under process," the BB spokesperson said.

On the other hand, the ADB proposed a $1.5 billion policy-based loan in three phases which includes a $200 million investment loan, central bank Spokesperson Shikha said, adding that $500 million of the loan can be received by 2025.

Meanwhile, the visiting US delegation, led by Brent Nieman, the assistant secretary of the US Treasury Department, called on the central bank governor today. The delegation was informed about the macro-economic situation of the country.

The US treasury team did not mention any loan amount to the central bank, the BB spokesperson said.