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 grants $100m loan for rural road network expansion in Bangladesh
The Asian Development Bank (ADB) has approved a $100 million loan to expand the coverage of an ongoing rural road network improvement project in Bangladesh, connecting the rural population to agricultural development zones.
ADB provides $231,178 grant to augment Covid-19 facilities in Bangladesh
The Asian Development Bank (ADB) is providing a grant of $231,178 to augment novel coronavirus disease related facilities in 134 urban primary health centres, called Nogor Swastho Kendro, across the country.
ADB approves $500 million more to address Covid-19 impact in Bangladesh
The Asian Development Bank (ADB) approves an additional $500 million loan to strengthen the Bangladesh government’s efforts to manage the impact of coronavirus pandemic on the country’s economy and public health.
ADB approves $100 million loan to support Covid-19 response in Bangladesh
Asian Development Bank (ADB) approves a $100 million loan to support Bangladesh government in its efforts to address the immediate public health requirements of combating the coronavirus pandemic.
ADB to stand by Bangladesh in this time of crisis
Asian Development Bank (ADB) commits $600 million to support Bangladesh in facing challenges presented by the coronavirus outbreak.
Combating coronavirus: ADB funding to triple for developing countries
The Asian Development Bank tripled the size of its response to the novel coronavirus disease pandemic to $20 billion and approved measures to streamline its operations for quicker and more flexible delivery of assistance.
ADB provides $1.34 million to avoid skills trainees’ drop out
The Asian Development Bank (ADB) has provided $1.3 million financial assistance to avoid trainees from dropping out under the Skills for Employment Investment Program (SEIP).
Dhaka-Sylhet highway project may ‘miss out ADB funding for approval delay’
Dhaka-Sylhet multilane and modern highway project might be delayed with fund diversion by the Asian Development Bank (ADB) if the project is not approved by June this year, an informed official says.
ADB provides $170m more for capital market reforms in Bangladesh
The Asian Development Bank (ADB) has approved a second portion loan of $170 million to conclude the Third Capital Market Development Program in Bangladesh.
New ADB President Masatsugu Asakawa assumes office
The 10th President of the Asian Development Bank (ADB) Masatsugu Asakawa assumed office today.