Dhaka, June 24 -- The Government of Bangladesh has signed a $400 million loan agreement with the Asian Infrastructure Investment Bank (AIIB) to support the national budget and implement key climate-related reforms aimed at promoting sustainable and inclusive development.

The agreement, signed on Monday, forms part of the government's broader strategy to strengthen resilience to climate change while advancing long-term environmental and economic sustainability.

According to a statement from the Ministry of Finance, the funding will be utilised under the "Climate Resilient Inclusive Development Program - Subprogram 2", led by the Finance Division.

The initiative is focused on strengthening institutional capacity and enacting policy refor...