ADB budget support pushes forex reserves to $35.63b

Bangladesh's gross foreign exchange reserves have reached $35.63 billion, according to the latest data from the Bangladesh Bank (BB).

The increase was driven by the receipt of a $1.0005 billion budget support loan from the Asian Development Bank (ADB).

The central bank said that, under the International Monetary Fund's (IMF) Balance of Payments and International Investment Position Manual (BPM-6) accounting standard, the country's reserves stood at $31.08 billion.

Officials said the level of reserves highlights the country's external sector stability despite ongoing global economic uncertainties.