Asian Development Bank (ADB)
Inflation to hit double digits by end of FY25: ADB
Inflation is projected to hit double digits at the end of the current fiscal year owing to supply-side disruptions and higher import costs as a result of currency depreciation, according to the Asian Development Bank (ADB).
ADB extends $250 million loan to strengthen social protection
The ‘Second Strengthening Social Resilience Program’ will help improve financial inclusion of disadvantaged people
ADB approves $71m loan to improve flood control in Gopalganj, Madaripur
The Asian Development Bank (ADB) has approved a $71 million loan to improve flood control, irrigation, and water resources management in rural communities in Gopalganj and Madaripur districts to strengthen their preparedness and resilience to the effects of climate change
$160 million ADB loan to boost Dhaka’s energy supply, distribution
The Dhaka Power System Expansion and Strengthening Project will construct eight substations
ADB to give Bangladesh $1 billion loan for five projects
The loans will be used for energy efficiency, vaccine production, clean water, computer science education and Dhaka-Northwest road corridor
Pandemic, inflation push 68 million more in Asia into extreme poverty: ADB
Developing Asia consists of 46 economies in the Asia-Pacific and excludes Japan, Australia and New Zealand.
International Day of Forests / 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.
FY23’s first budget support materialises
The Asian Infrastructure Investment Bank has become the first multilateral lender to respond to Bangladesh’s call for budget support this fiscal year to weather the impacts of the Ukraine war after its board approved $250 million last week.
Higher inflation, lower GDP this fiscal
Life is set to get tougher for the poor and the low-income people as the Asian Development Bank yesterday projected that inflation in Bangladesh would average 6.7 percent this fiscal year, up from 6.2 percent in fiscal 2021-22.
ADB scales up funding by 85pc
The Asian Development Bank would be providing $9.05 billion over the next three years, up 84.7 percent from the preceding three years, as the Manila-based lender is mobilising greater resources to prepare the country well for graduation from the LDC bracket in 2026.
Record $10b foreign aid used last fiscal year
Bangladesh’s use of foreign assistance reached a new record high of $10 billion in fiscal year 2021-22, primarily behind vaccinations, one-time budget support, economic recovery from the pandemic and implementation of mega projects.
ADB provides $143 million to enhance cross-border trade in Bangladesh
The Asian Development Bank (ADB) will provide a $143 million policy-based loan to Bangladesh to improve the volume, efficiency, predictability, and security of cross-border trade in the country.
ADB to prioritise assistance for Bangladesh's LDC graduation
The Asian Development Bank (ADB) will prioritise its assistance to Bangladesh for graduation from LDC, climate change and sustainable development goals.
Should Bangladesh worry about debt servicing?
Debt servicing has become a rising concern for developing countries in recent times.
ADB extends $1.78b loans for Dhaka-Sylhet corridor
The Asian Development Bank is providing $1.78 billion in loans to Bangladesh under the multi-tranche financing facilities, making it the highest proposed financing from the Manila-based lender against any single project.
ADB approves $50 million loan to help Covid-19 affected microenterprises in Bangladesh
The Asian Development Bank (ADB) has approved a $50 million loan to help restore the economic activities of microenterprises severely affected by coronavirus pandemic in Bangladesh.
ADB providing $50 million loan to Bangladesh
The Asian Development Bank (ADB) and Bangladesh government today signed agreements for $50 million in loan to promote, fund, and implement public-private partnership (PPP) infrastructure projects in the country.
Combating Covid-19: ADB approves $3m grant to support Bangladesh
The Asian Development Bank (ADB) has approved additional $3 million in grant assistance for procuring urgently needed medical supplies for emergency response to the coronavirus pandemic in Bangladesh.
Bangladesh to see 7.5pc growth in FY2021: ADB
Bangladesh’s GDP is expected to grow by 4.5 percent in FY2020 and 7.5 percent in FY2021, the Asian Development Bank (ADB) has said in a report of Asian Development Outlook (ADO) 2020 Supplement.