Bangladesh has requested $500 million in “emergency aid” from the Asian Development Bank fund for aiding developing countries in the global economic recession.
Bangladesh’s Finance Minister AMA Muhith held a meeting with ADB President Haruhiko Kuroda in Dhaka where he made the request for the additional funds.
The minister said the ADB formed a $ 3.4 billion fund for Asian developing nations in the face of the economic crisis.
Mr. Muhith said, "We are likely to get $ 800 million in regular assistance in the current fiscal year, including $ 240 million budget support."
The ADB would take decision regarding the share of the fund after reviewing the appeals.
The ADB President said that Bangladesh and the Bank enjoyed a good relationship and that he hoped for it to continue into the future.