The Asian Development Bank has identified four major risks to Bangladesh’s economy, including the potential impact of additional US tariffs and political uncertainty, both of which could hinder growth and fuel inflationary pressures.
The Asian Development Bank (ADB) has projected Bangladesh’s GDP growth rate to slow to 4.3 percent in fiscal year (FY) 2025, reflecting a subdued outlook amid political uncertainty, supply disruptions and tight monetary policy.
The project will be implemented in between 2024 to 2029
The Asian Development Bank (ADB) has become the first among multilateral and bilateral lenders to respond to the interim government's call for budgetary support, approving $600 million aimed at easing pressure on foreign exchange reserves and accelerating economic recovery.
The government is expecting at least $5.65 billion in budget support this fiscal year from the World Bank, the International Monetary Fund (IMF), and the Asian Development Bank (ADB) to expedite reforms.
Many ongoing development projects, funded by the Asian Development Bank, is facing additional implementation challenges due to the current political climate and changes in the government, a document says.
The ADB has lowered its forecast for Bangladesh’s economic growth to 5.1 percent for the current fiscal year, primarily due to supply disruptions caused by political unrest in July and August 2024
The Asian Development Bank (ADB) has appointed Hoe Yun Jeong as its new country director for Bangladesh
Finance Adviser Salehuddin Ahmed says after meeting with ADB
Both the World Bank and Asian Development Bank (ADB) have assured they will continue supporting Bangladesh’s growth but stressed the need for economic reforms that are crucial for the country to become a developed nation.
The Dhaka-Chittagong highway is set to be dotted with artificial intelligence (AI) based CCTV cameras covering a span of 250 kilometres. The cameras, financed by the Asian Development Bank (ADB) at BDT 152 crore 56 lakhs, are aimed at enhancing the capabilities of the highway police, according to sources associated with the project.
Introducing solar irrigation pump (SIP) systems will gradually enable Bangladesh to cut consumption of diesel fuel by 10 lakh tonnes annually
Developing Asia will likely end the year on a brighter note, the Asian Development Bank said on Wednesday, with growth in the region expected to be stronger than previously thought due mainly to a recovery in China's economy.
The Asian Development Bank (ADB) has agreed to provide a $300 million loan to strengthen skills of workforce in Bangladesh.
The Asian Development Bank (ADB) has mobilised $261 million of private sector capital for a four-lane, 13.5-kilometre expressway between Dhaka and other major cities in order to ease traffic congestion and provide better connectivity.
The latest forecast by the Manila-based multilateral lender is close to the estimate by the Bangladesh Bureau of Statistics (BBS) at 6.03 percent for the FY23.
This loan is for its ongoing “Rural Connectivity Improvement Project” in the country, the ADB said in a statement today.
The assistance forms the third part of $1.5 billion ADB loans for the SASEC Chattogram-Cox’s Bazar Railway Project.
About $1 billion in budget support is set to arrive in the next few days from three development partners to help the government meet its deficit financing for this fiscal year.
