Dhaka, Jan. 18 -- Bangladesh has so far failed to reap any benefits of the BRICS-led New Development Bank (NDB) despite its entry into the new multilateral lender more than three years ago in 2021.

The NDB has still to approve any loan for Bangladesh other than that for five founding members-Brazil, Russia, India, China and South Africa (BRICS), insiders said on Saturday.

In September 2021, the board of the Shanghai-based lender welcomed Bangladesh as its sixth member.

Insiders said Bangladesh has taken a cautious approach to acquire loans from the NDB, formerly BRICS Development Bank, as those are costly compared to other typical lenders of the country.

Following its accession, Bangladesh sought loans from the NDB to finance building...