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, UK establish fund to improve trade in Asia-Pacific
The Asian Development Bank (ADB) and the Government of the United Kingdom launch the Asia Regional Trade and Connectivity Fund (ARTCF) from which Bangladesh will be benefited.
ADB projects 7pc GDP growth for FY18
The Asian Development Bank projects 7 percent economic growth for Bangladesh for the current fiscal year, much below than the government’s provisional estimate of 7.65 percent.
President Takehiko Nakao says it’s a 60% increase to now what is $8 billion
Asian Development Bank (ADB) President Takehiko Nakao says ADB’s Country Partnership Strategy for Bangladesh proposes total assistance of $8 billion, including for nonsovereign operations, for 2016–2020.
Shift from roads to rail: ADB okays $360m loan to Bangladesh
Asian Development Bank (ADB) has approved $360 million as loans to Bangladesh so the country can support its ongoing reform in the railway sector. The money will also be used to buy modern rolling stock Bangladesh Railway and to promote an overall shift from roads to rail, the ADB says in a news release on its website.
ADB signs USD200m loan deal with Bangladesh
The Asian Development Bank (ADB) and Bangladesh government sign USD200 milion loan agreements to strengthen the country’s urban infrastructure.
Bangladesh to get $200m ADB loan for urban infrastructure, governance in municipalities
The Asian Development Bank's (ADB) Board of Directors has approved a loan package of US $200 million to strengthen urban infrastructure, service delivery and governance in Bangladesh’s municipalities.
PM joins G7 outreach meeting with other world leaders
Prime Minister Sheikh Hasina attends the Outreach Meeting of the G7 countries, representing world's seven major advanced economies.
ADB signs $30m loan for garment sector
The Asian Development Bank (ADB) signs a $30-million loan deal with Brac Bank, which will be used to finance the construction and upgrade of garment factories in Bangladesh.