Bangladesh Investment Development Authority executive chairman Chowdhury Ashik Mahmud Bin Harun on Tuesday said that the New Development Bank would give Bangladesh $1 billion in loan by the next one year.
He made the statement at a briefing while highlighting the activities on the second day of the Bangladesh Investment Summit 2025 in the capital Dhaka.
NDB, a multilateral development bank headquartered in Shanghai of China and established by the BRICS states such as Brazil, Russia,聽 India, China and South Africa, has already provided the government of Bangladesh with $300 million in loan.
The BIDA executive chairman said that NDB vice-president Vladimir Kazbekov paid a visit to Bangladesh interim government鈥檚 chief adviser Muhammad Yunus at the state guest house Jamuna.
NDB鈥檚 perception of Bangladesh is very positive and recently they have started a project with WASA, said the BIDA executive chairman, adding that the NDB was asked to explore the possibility of providing loans to the private sector linked to manufacturing and health services.
Chowdhury Ashik also answered questions from reporters.
He reiterated that the current investment summit would help the country to erase its negative image as an investment destination.
Investors will find that it is a new Bangladesh, he said.聽
The BIDA executive chairman said investors were pleased to see that the Japanese Economic Zone, a joint venture between the governments of Bangladesh and Japan, located at Araihazar in Narayanganj, was in the most advanced stage.
Besides, the Chinese Economic Zone at Anwara in Chattogram and another SEZ at Mongla in Khulna will be built by Chinese investors, he said.
The main event of the four-day summit will be held today with the chief adviser addressing the investors at the summit venue in the capital.