The government has signed new loan agreements worth $3.904 billion with development partners during the first half (July-December) of the current fiscal year, i.e., 46 percent of the commitments of the corresponding period of last year, says the Economic Affairs Division (EAD). The official data revealed that out of the total new agreements, $3.695 billion worth of financing agreements were signed with multilateral development partners, $200 million with foreign commercial banks, and $9 million with bilateral partners. Among the multilateral development partners, the Asian Development Bank (ADB) emerged as the largest partner in terms of new commitments of FEA of $1.793 billion (46 percent of total commitments) followed by the IDA ($1.107 billion). (Business Recorder)
10/5/2023