CURBING NON-PERFORMING LOANS
ADB keen to help Bangladesh
BSS, Dhaka
The Asian Development Bank (ADB) has expressed its keen interest to support Bangladesh in issuing local currency bond and helping to curb the Non-Performing Loans (NPLs) in the banking sector.
Ingrid Van Wees, vice-president for Finance and Risk Management of the Asian Development Bank (ADB), showed the interest when she along with Manmohan Parkash, ADB country director for Bangladesh, met Finance Minister AHM Mustafa Kamal at his ERD office in the citys Sher-e-Bangla Nagar area yesterday, said a press release.
Ingrid Van Wees congratulated Kamal for being the Best Finance Minister (Global and Asia Pacific) for the year 2020 according to The Banker of Financial Times, UK.
She also appreciated the socio-economic development that took place in Bangladesh in the last one decade.
The ADB country director in Bangladesh assured that ADB will be supportive in favour of the policy formulated by the Ministry of Finance, regarding reducing NPLs and making the financial sector better.
