Dhaka, April 8 -- Executive Chairman of the Bangladesh Investment Development Authority (BIDA) Chowdhury Ashik Mahmud Bin Harun on Tuesday said the New Development Bank (NDB) will invest US$ 1 billion in Bangladesh in the next one year.

"NDB had already invested about $300 million. The Bank shall support public or private projects through loans, guarantees, equity participation and other financial instruments," he reporters on the second day of the Investment Summit at a hotel in the city.

Chowdhury Ashik said they want to provide funds not only to the government but also to the private sector, reports BSS.

"We have also tried to convince them that they have the opportunity to provide funds to social infrastructure, including hospitals...