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 to give $33.26m for metro rail project
The Asian Development Bank (ADB) and Bangladesh government sign agreements for $33.26 million in loan for a project to design the Dhaka Mass Rapid Transit (MRT) line 5 (Southern route) that will help ease the traffic and pollution burden in Dhaka city.
ADB to help fight bad loans
Asian Development Bank is poised to provide financial support to the government to form a public asset management company (PAMC) with a view to arresting the upward trend of defaulted loans.
ADB provides $150m for skills development in Bangladesh
Asian Development Bank (ADB) and Bangladesh government sign an agreement of $150 million in loan to continue support in skill development training.
ADB to help improving urban water supply, sanitation
Asian Development Bank (ADB) and Bangladesh government signs an agreement of $11 million in loan to develop water supply and sanitation priority in urban area of the country.
ADB lends $300m for power transmission expansion in Bangladesh
The Asian Development Bank (ADB) has approved a 271.84 million euros ($300 million equivalent) loan for a project to expand transmission lines in greater Dhaka and the western zone of Bangladesh.
ADB to fund expansion of 4 highways into four lanes
Asian Development Bank will fund the expansion of the country’s four highways into four lanes. The highways are Dhaka-Sylhet, Rangpur-Banglabandha, Rangpur-Bhurimari and Barishal-Faridpur.
214km Dhaka-Sylhet Highway: ADB to fund its expansion into four lanes
The impasse over financing of the expansion of 214-kilometre Dhaka-Sylhet Highway into four lanes is likely to end soon, as Asian Develop-ment Bank has given “consent” to fund the project, officials said.
ADB will shift focus with changing Asia-Pacific
Asian Development Bank’s strategy going forward will be to respond to the changing needs of the Asia and the Pacific region, says its President Takehiko Nakao.
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.
ADB launches action plan for healthy oceans
The Asian Development Bank (ADB) launches the Action Plan for Healthy Oceans and Sustainable Blue Economies for the Asia and Pacific region.