The World Bank and the Asian Development Bank (ADB) have pledged a combined loan of $2.5 billion to support reforms in Bangladesh's banking and financial sectors. The World Bank will contribute $1 billion, with $750 million designated for policy support and $250 million for investment loans, while ADB will provide $1.5 billion in three phases, starting with $500 million. Bangladesh must meet several conditions, including the establishment of asset management companies and redefining non-performing loans to international standards, with 50% of these reforms already in progress. The loans were discussed during meetings between Bangladesh Bank and the two institutions, as well as a US delegation led by Brent Neiman, which focused on macroeconomic challenges. This financial support comes in the wake of political changes in Bangladesh, highlighting the urgent need for reform following the recent resignation of Prime Minister Sheikh Hasina. Discussions also included strategies to control inflation and recover laundered funds.