The Asian Development Bank or ADB has agreed to provide $50 million in loan to Bangladesh to promote, fund and implement public-private partnership (PPP) infrastructure projects in the country.

Fatima Yasmin, the secretary to the Economic Relations Division, and Manmohan Parkash, ADB's country director, virtually signed the loan agreement on Thursday. SM Anisuzzaman, CEO of Bangladesh Infrastructure Finance Fund Limited (BIFFL), signed the project agreement.

“The project will strengthen BIFFL’s capacity to mobilize private investments, develop infrastructure projects, and create jobs, which will accelerate the economic recovery process after the coronavirus disease (COVID-19) pandemic,” said Parkash.

https://bdnews24.com/economy/2020/09/11/adb-provides-bangladesh-50m-in-loan-for-infrastructure-projects