The IMF projects that consumer prices in the country will rise by 7.9 percent by the end of the fiscal year
Economic Relations Secretary Fatima Yasmin and ADB Country Director Manmohan Parkash signed the deal at a ceremony in Dhaka on Sunday, according to a media release from the ADB.
The assistance forms the second tranche of $1.2 billion multi tranche ADB loans for the Second South Asia Sub-regional Economic Cooperation or SASEC Dhaka-Northwest Corridor Road Project.
It is part of a priority international transport corridor that connects Bangladesh with Bhutan, India, and Nepal, Manmohan said.