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

Bangladesh to pour $2 billion of reserves into infrastructure fund

Critics question whether money will serve public needs or political whims

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