Bangladesh, May 25 -- Amid mounting economic pressure stemming from the ongoing conflict in the Middle East, the government is increasingly turning to the reallocation of unused foreign-funded project loans after falling short of its budget support target from development partners.

The government had aimed to secure at least $3.2 billion in budget support to cope with rising fiscal pressures.

In a letter issued on April 12, the Finance Division instructed the Economic Relations Division (ERD) to take necessary measures to secure $3.2 billion in budget support.

However, according to ERD sources, the government has so far received commitments amounting to $1.665 billion.

The pledged support includes $1 billion from the Asian Developmen...