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
‘Reform banking sector to be a middle-income country by 2031’
The banking sector should go through holistic reforms to strengthen the country’s financial base in order to become an upper middle-income nation by 2031, Asian Development Bank’s Country Director Edimon Ginting said.
Infrastructure development: ADB ready to give $20b but has concerns
The Asian Development Bank is ready to give over $20 billion to finance Bangladesh’s road and railway projects but raised concerns over the timely implementation of schemes.
Bangladesh may get $12-15b credit support from ADB by 2025: Kamal
Bangladesh expects to receive $12 billion to $15 billion in credit support from the Asian Development Bank (ADB) by 2025 under the lender's country partnership strategy, said Finance Minister AHM Mustafa Kamal today.
ADB forecasts Bangladesh's GDP projection to 6.6% from 7.1%
The Asian Development Bank (ADB) has downsized its projection for Bangladesh's gross domestic product (GDP) growth to 6.6 per cent in the current fiscal year.
“I’m Bangabandhu’s daughter; I’ll fulfil what I commit to InshAllah”
In response to criticism after the World Bank backed out of funding the Padma Bridge, Prime Minister Sheikh Hasina today said, “I’m the daughter of Father of the Nation Bangabandhu Sheikh Mujibur Rahman. I’ll fulfil what I commit to InshAllah.”
Bangladesh’s Dev Projects: ADB to lend $5b in 3 yrs
The Asian Development Bank will provide around $ 5 billion to Bangladesh with an aim of promoting rapid, inclusive and sustainable growth in the country.
ADB sounds caution over taking BRI loans
In a word to the wise, ADB President Takehiko Nakao yesterday advised countries to scrupulously evaluate the merits of a project before approaching China for funding under its flagship Belt and Road Initiative.
Banking sector's health weakens
The financial health of the banking sector is weakening due to rising non-performing loans, a lack of corporate governance and increasing capital shortfall, according to an Asian Development Bank report released yesterday.
ADB approves $100m grants for Rohingyas in Bangladesh camps
The Asian Development Bank (ADB) Board of Directors approves grant assistance of $100 million -- the first of an envisaged package totaling $200 million to help Bangladesh develop basic infrastructure and services for displaced persons (Rohingyas).
Bangladesh must grow 10pc annually for 20 years: ADB chief
Bangladesh needs to clock in at least 10 percent economic growth for the next two decades if it wants to become a developed country