Dhaka to get ADB loan

Dhaka to get ADB loan

DHAKA (AFP): The Asian Development Bank (ADB) is to disburse US$40 million this month to help develop Bangladesh's capital market, a newspaper reported here yesterday.

The amount would come out of a total aid commitment of US$80 million and was announced Tuesday by a visiting ADB team after a primary review of reforms in Bangladesh's two stock exchanges, the Financial Express daily reported.

The balance would be disbursed after a further review of the ongoing reforms, aimed at bringing transparency in the trading and settlement systems of the exchanges, it added.