Bangladesh Seeks USD 2 Billion in Budgetary Support to Counter Impacts of COVID-19: Ministry of Finance

Ministry of Finance (MoF) officials confirmed that the Government of Bangladesh is currently in negotiations to obtain up to USD 2.0 billion in funding to support the budgetary gap during its current fiscal year, which commenced on the 1st of July 2020. According to the MoF, this support is being sought via bilateral and multilateral development partners and will go towards stabilising the economy in the wake of the on-going COVID-19 pandemic.

According to an MoF official, amongst the funding options being considered, the Government is anticipating to receive USD 500 million each from the World Bank and the Asian Development Bank, USD 300 million from the Japan International Cooperation Agency and the Asian Infrastructu...