The BRICS-established New Development Bank (NDB) has planned to raise its lending to Bangladesh development projects to US$ one billion this year, a vice-president of the Shanghai-based multilateral lender said here today.
Vladimir Kazbekov, a Vice-President and Chief Operating Officer (COO) of NDB, said the bank has approved US$ 320 million for the implementation of the Expanded Dhaka City Water Supply Resilient project. But, this year it wants to more than triple the funding amount in view of Bangladesh’s development needs.
Kazbekov made the comments when he called on Chief Adviser Professor Muhammad Yunus at the State Guest House Jamuna here.
The Chief Adviser appreciated the role of the new multilateral lender, saying it can make a significant contribution in upgrading its development infrastructure.
Kazbekov said the lender was also committed to making major support for the infrastructure development of the gas sector in Bangladesh.
The NDB was also interested in lending substantially to the country’s private sector in an effort to strengthen their capacity, Kazbekov said.বিস্তারিত