ADB
Budget support from WB, IMF, ADB: Bangladesh may get $5.65b by this fiscal year
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.
ADB-funded projects face fresh hurdles
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.
ADB cuts Bangladesh’s growth forecast due to political unrest
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
Hoe Yun Jeong new ADB country director for Bangladesh
The Asian Development Bank (ADB) has appointed Hoe Yun Jeong as its new country director for Bangladesh
World Bank, ADB urged to continue funding logically acceptable projects
Finance Adviser Salehuddin Ahmed says after meeting with ADB
ADB leads $121m financing for private solar project in Bangladesh
The Asian Development Bank (ADB) has signed a $121.55 million financing package with Dynamic Sun Energy (DSE) Private Ltd to build and operate a 100-megawatt (MW) grid-connected solar photovoltaic power plant in Pabna, a northwest district in Bangladesh
World Bank, ADB promise more support but call for reforms
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.
AI cameras to be installed on Dhaka-Chittagong highway
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.
Solar irrigation promises to cut diesel use by 10 lakh tonnes a year
Introducing solar irrigation pump (SIP) systems will gradually enable Bangladesh to cut consumption of diesel fuel by 10 lakh tonnes annually
Bangladesh to get $300 million from ADB for skills development
The Asian Development Bank (ADB) has agreed to provide a $300 million loan to strengthen skills of workforce in Bangladesh.
ADB mobilises $261m for expressway connecting Dhaka with other major cities
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.
ADB raises growth forecast for Bangladesh’s economy to 6% for FY23
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.
$190m ADB loan for upgrading rural roads
This loan is for its ongoing “Rural Connectivity Improvement Project” in the country, the ADB said in a statement today.
ADB provides $400 million to build Ctg-Cox's Bazar railways
The assistance forms the third part of $1.5 billion ADB loans for the SASEC Chattogram-Cox’s Bazar Railway Project.
$1b in budget support arrives next week
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.
ADB approves $400 million loan to Bangladesh
The funding will also help advance reforms in domestic resource mobilisation, improve efficiency and productivity of public spending, and small businesses, especially women-led businesses to access low-cost innovative bank financing.
ADB to give $230 million for flood victims’ rehabilitation
Floods devastated north-eastern part of Bangladesh in May, June last year
ADB cuts Bangladesh’s GDP growth forecast to 5.3% for FY2023
The Asian Development Bank (ADB) today said Bangladesh's gross domestic product (GDP) is expected to grow by 5.3 per cent in the ongoing fiscal year, down from the 6.6 per cent it projected earlier.
How forestry projects destroy forests
Though eucalyptus was eradicated from the public forest land, social forestry continues at a very high cost to natural ecosystems.