The Asian Development Bank (ADB) has reaffirmed its commitment to Bangladesh, emphasising its ongoing partnership aimed at sustainable development aligned with the nation's aspirations. 

The Manila-based lender has pledged to collaborate with the interim government to ensure the continuity of ongoing projects and to support a more inclusive, resilient, and sustainable future, it said in a statement.

A central aspect of the ADB's efforts in Bangladesh will focus on public sector management and governance, highlighting the importance of macro-fiscal sustainability, including fiscal consolidation and domestic resource mobilisation, said ADB. 

"Private sector development remains a key priority, with the ADB planning to work with the interim government to enhance competitiveness and create employment opportunities by streamlining government-to-business services, aimed at reducing the cost of doing business in the country."

The ADB pointed out climate change as a critical component of its strategy, as Bangladeshi communities are very vulnerable to extreme weather events.

The multilateral lender said it will help in developing a comprehensive approach to climate change, including the promotion of renewable energy and green growth initiatives. 

Since 1973, the ADB has provided Bangladesh with $31.8 billion through 726 public sector loans, grants, and technical assistance.