The Asian Development Bank is extending loans totaling 266 million U.S. dollars to support Bangladesh address natural gas supply constraints in a bid to spur economic growth and cut poverty.
According to a news release of the bank received here on Sunday, the board of directors of the Manila-based multilateral funding agency has approved a 261 million equivalent loan from its ordinary capital resources, and a further 5 million U.S. dollars equivalent from its concessional Asian
Development Fund, for the Bangladesh Natural Gas Access Improvement Project.