ADB loan lifts Bangladesh foreign exchange reserves to $31b

Bangladesh's foreign exchange reserves have risen to $31.08
billion after the Asian Development Bank (ADB) disbursed $1 billion in budget
support, according to a statement from the central bank issued today (14 June).
The funds, released as part of
ADB's budget assistance for Bangladesh, were added to the country's foreign
currency holdings, pushing the reserves to just over the $31 billion mark.
According to updated data from the
Bangladesh Bank, reserves stood at $30.07 billion on 10 June.
The latest inflow from the Asian Development Bank resulted in a sharp increase
over the weekend.
Officials said additional
disbursements from other development partners are expected in the coming
months, which could further strengthen the reserve position.
















