Dhaka, July 9 -- Launching a sovereign wealth fund can be a potential way for the government to borrow the money to fund development projects, according to the experts.

They say the government must be vigilant in spending the fund and choose the projects carefully.

The prime minister floated the plan in Monday's Ecnec meeting after the foreign exchange reserves crossed $36 billion to reach a record high.

When the World Bank had withdrawn from the project to construct Bangladesh's largest infrastructure Padma Bridge, the government had mulled taking loans from the foreign currency reserves in 2015.

It had formed a committee to explore ways to borrow from the reserves, but the cyber heist in 2016 put a halt to the activities surrounding...