The ADB financing would come on top of the IMF loan, with most of the funds to be disbursed in the current fiscal year. "The ADB will provide $3.4 billion in budgetary support," de facto Finance Minister Hafeez Shaikh said on Twitter. "$2.2 billion will be released this fiscal year (FY), starting in the first quarter of FY 2019-20. Political analysts say that while the IMF programme may help stabilise the economy, it could bring more hardship due to austerity measures. Inflation, which hit 9% in May, is seen accelerating to between 11% and 13% during the 2019/20 fiscal year.

Source: bd News24 June 15, 2019 15:00 UTC