Bangladesh is reportedly in discussions with the ADB to secure loans worth approximately USD 1 bln in May. The lender plans to provide USD 400 mln from its “policy-based lending” scheme, while two other Asian co-financiers would potentially contribute USD 650 mln. In exchange for the loan package, Bangladesh must implement reforms, including greater transparency and accountability in government purchases and modernization of tax laws. The country is facing a shortfall in FX reserves, with reserves falling to USD 31.2 bln as of April 17 from USD 44.2 bln in the previous year.