ADB loan lifts Bangladesh foreign exchange reserves to $31b
The latest inflow from the Asian Development Bank resulted in a sharp increase over the weekend.
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.
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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.
