Dhaka, Dec. 6 -- The government is discussing with the Asian Infrastructure Investment Bank (AIIB) a $400 million fund in budget support credit to advance policy and institutional reforms, focusing on climate adaptation in the urban and water sectors.

The programme aims to support the government in implementing critical policy and institutional reforms to promote sustainable water resources management and climate-smart urban service delivery.

The financing will come as a programmatic series of two sub-programmes, officials say.

A senior Finance Division official told The Financial Express Thursday the discussion with the AIIB was advancing, while the government ministries and departments concerned were scrutinising the conditions the b...