💨 Abstract

The Asian Development Bank has approved a $600 million policy-based loan to Bangladesh to support structural reforms aimed at enhancing domestic resource mobilization, improving public investment efficiency, developing the private sector, reforming state-owned enterprises, and promoting transparency and good governance. The loan also aims to facilitate logistics sector reform to reduce trade costs and promote export diversification, as Bangladesh struggles with the lowest tax-to-GDP ratio in the world.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖