REJAUL KARIM BYRON and WASIM HABIB

An opportunity has emerged for Bangladesh to tap as much as $1.6 billion in Asian Development Bank (ADB) financing through a mix of new and ongoing support programmes.

The development comes as the government looks to shield the economy from the global shocks triggered by the US‑Israel war on Iran.

Of the total, $1 billion is expected to come from the Manila-based lender’s special package, while $600 million is likely to be extended as budget support under its economic management and governance programme.

The special package was unveiled on March 23 for ADB’s developing member countries in Asia and the Pacific to help them cope with immediate economic pressures from the US‑Israel war on Iran.

Following the announcement, the Economic Relations Division (ERD) held informal discussions with ADB officials

The special package was unveiled on March 23 for ADB’s developing member countries in Asia and the Pacific to help them cope with immediate economic pressures from

the US-Israel war on Iran.

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