Dhaka, Nov. 7 -- The World Bank (WB) and the Asian Development Bank (ADB) would work together to finance Bangladesh's big projects as the country signed a mutual framework for streamlining their loans and ensuring the best utilisation of the money, officials said on Thursday.

From now on, both the key multilateral development partners would work together, apply a single set of operational policy requirements, and engage with a single lender in charge of appraising, supervising, and monitoring co-financed projects, they said.

"Since project financing in recent days became tougher due to squeezed donor funds, resulting in the mobilisation of money from the open market, lending to borrowers is becoming costlier. So, both development partne...