The Interim Government of Bangladesh has the expressed desire of the Asian Development Bank (ADB) to assist it in implementing necessary structural reforms in the nation.
The attention was sparked when Chief Adviser Professor Dr. Muhammad Yunus was visited by a top ADB team today at the State Guest House Jamuna in this city, under the direction of its South Asia Director General Takeo Konishi.
The ADB Director General stated at the meeting that the organization has extensive experience operating in Bangladesh and would be happy to assist the Interim Government in launching crucial structural reforms in the nation.
Konishi stated that when the Interim Government increased its attempts to stabilize the economy, there was potential for policy-based loans to Bangladesh.
Bangladesh’s student-led revolution, according to Chief Advisor Prof. Yunus, has presented a fresh chance to reconstruct the country’s institutions “piece by piece.”
“Ground zero is where we are. The ADB delegation was informed by the Chief Adviser that everything needed to be done as soon as feasible.
The discussion covered a number of important economic topics, including energy, the private sector, investment, digitalization of tax data, and data transparency. The government recently announced reforms for the banking industry.
The Chief Advisor’s special envoy, Lutfey Siddiqi, noted that there are already indications of improvement in the foreign exchange market’s dynamics and how they interact with reserves and remittances.
“There is a noticeable uplift in confidence and credibility on that front,” he stated.
Attending the meeting were ADB senior adviser Edimon Ginting, deputy country director Jiangbo Ning, ADB country director-designate Hoe Yun Jeong, and senior secretary Lamiya Morshed, who oversees SDG affairs.
