ADB loan lifts BD foreign currency reserves to $35.63b

Bangladesh’s gross foreign exchange reserves stood at US$35.63 billion, according to the latest data from Bangladesh Bank (BB).

The increase was supported by the receipt of a $1.0005 billion budget support loan from the Asian Development Bank (ADB).

The central bank said that under the International Monetary Fund’s (IMF) Balance of Payments and International Investment Position Manual (BPM-6) accounting standard, the country’s reserves were recorded at $31.08 billion.

Earlier on 10 June, reserves stood at $30.07 billion, according to BPM-6 method.

Officials said additional disbursements from other development partners are expected in the coming months, which could further strengthen the reserve position.