By IANS
Dhaka : Foreign donors and international monetary agencies will contribute to recovery of the losses, estimated at between $200-250 million, that Bangladesh has incurred during two spells of floods this year.
Finance Adviser Mirza Azizul Islam said foreign donors would provide a large part of the funds required for bearing the losses, reports the Daily Star.
His appeal for help to Asian Development Bank (ADB) President Haruhiko Kuroda resulted in a visit from ADB Director General for South Asia Kunio Senga.
The World Bank has already pledged a $75 million loan as flood assistance.
Coordinated by the ADB, other donors to contribute to the post-flood reconstruction efforts are Japan Bank for International Cooperation (JBIC) and the Canadian International Development Agency (CIDA). The contributions will include loans and grants.