India, June 29 -- MANILA - The Asian Development Bank (ADB) today approved a $500 million policy-based loan to stabilize and reform the banking sector in Bangladesh by strengthening regulatory supervision, corporate governance, asset quality, and stability.
The Stabilizing and Reforming the Banking Sector Program, Subprogram 1 will focus on policy reforms to promote finance sector resilience by enhancing banking sector governance, increasing the effectiveness of Bangladesh Bank's liquidity management framework, and introducing immediate measures to resolve significant nonperforming loans in the banking system. The measures under the program will support phased compliance with international banking norms, leading to integrity in asset quali...