Dhaka, March 14 -- Bangladesh's interim government hopes to get a US$500-million bailout package from the ADB for the banking sector as some banks seemed in disarray following past forged lending and NPL buildups.

The government has already completed negotiations with the Asian Development Bank (ADB) for the policy-support loan and it is expecting the financial support at the first go next month, Economic Relations Division (ERD) officials said Friday.

"We have completed discussion with the ADB. The lender is convinced for Bangladesh's ongoing reforms in the financial and relevant sectors. Now it has decided to provide the funds for facilitating further reforms in the banking sector," a senior ERD official told the FE correspondent.

"W...