Dhaka, April 9 -- The New Development Bank (NDB), established by the BRICS nations, plans to lend $1 billion for development projects in Bangladesh this year.

Vladimir Kazbekov, the bank's vice president, said that the NDB has already approved $320 million for the implementation of the Expanded Dhaka City Water Supply Resilient project.

However, keeping in mind the development needs of Bangladesh, the bank aims to more than triple the amount of financing this year.

According to the state-run news agency Bangladesh Sangbad Sangstha (BSS), Kazbekov made the statement during a meeting with Chief Advisor Muhammad Yunus at the State Guest House Jamuna in Dhaka on Tuesday.

The chief advisor welcomed the role of the new multilateral lending ...