Dhaka, June 21 -- In a major move to support Bangladesh's sustainable development agenda, the Asian Development Bank (ADB) has signed three significant loan agreements with the Government of Bangladesh, amounting to a total of $1.1 billion.

The funds are earmarked for reforming the banking sector, upgrading power infrastructure, and enhancing climate resilience and inclusive growth.

The agreements were signed in Dhaka by Md Shahriar Kader Siddiky, Secretary of the Economic Relations Division (ERD), and Hoe Yun Jeong, ADB Country Director for Bangladesh.

ADB has approved a $500 million loan under the first subprogram of the Stabilising and Reforming the Banking Sector Programme.

This initiative aims to strengthen governance, improve as...