ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Economy

Bangladesh moves forward on sovereign infrastructure fund

Critics warn of overlapping mandate with existing state-owned institution

Cabling work for Bangladesh's first subway system is underway in Dhaka. (Photo by A.Z.M. Anas)

DHAKA -- Bangladesh is moving to put $2 billion from its foreign reserves into a new sovereign wealth fund to finance infrastructure development, but experts fear political maneuvering may soak up public resources.

The government of Prime Minister Sheikh Hasina has endorsed a blueprint for the South Asian nation's first sovereign wealth fund to be seeded with $2 billion, and officials hope the fund will launch as early as July. Bangladesh has more than $32 billion in foreign reserves and has been considering a sovereign fund since 2015.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more